Millions of companies in India are still not ready to file their first returns under the new Goods and Services Tax (GST) ahead of 20 August deadline, a top official told Reuters, urging them not to leave things to the eleventh hour. Navin Kumar, chairman of the GST Network, also said barely half of the 34 service providers accredited to help firms bulk-file invoices online had received approval to go live. Yet he gave an assurance that the huge IT back end that is designed to crunch up to 3 billion invoices a month and calculate companies' taxes would be stable, even if ...
Get ready to file first returns before Aug 20: GST chief tells companies
Navin Kumar said, 'We are working on the assumption that 50% of the people will come on last day'
Reuters Last Updated at August 9, 2017 14:52 IST