'We are keeping infrastructure on standby'
Navin Kumar, Chairman of GST Network Ltd, on how ready is the network to handle the transition
- Jul 8, 2017,
- Updated Jul 12, 2017 11:35 AM IST
Yes. The new thing under GST is the provision of invoice data for all B2B transactions. We got data from nine states. Average invoices per month per dealer were 127, but it ranged from a low of 10 invoices to 28 lakh invoices in a month. We had to devise a system that could handle this. To size the system, looking at an average of 127, we took three times that, 400, as the average number of invoices. That multiplied by 80 lakh tax payers gives you 320 crore invoices per month. Since uploading of invoices will be the main activity we are opening the facility for upload of invoice data from July 16.
Yes. The new thing under GST is the provision of invoice data for all B2B transactions. We got data from nine states. Average invoices per month per dealer were 127, but it ranged from a low of 10 invoices to 28 lakh invoices in a month. We had to devise a system that could handle this. To size the system, looking at an average of 127, we took three times that, 400, as the average number of invoices. That multiplied by 80 lakh tax payers gives you 320 crore invoices per month. Since uploading of invoices will be the main activity we are opening the facility for upload of invoice data from July 16.