GST Network (GSTN) will release improved version of GST return filing interface on October 22 with an aim to further simplify the process.
“Many of the suggestions were incorporated in version 2 which is in place right now. Version 3 is going to come on October 22 of this month,” GST Network CEO Prakash Kumar said at a seminar organised by IIT Delhi Alumni Association here.
GST Network provides IT infrastructure and services to central and state governments, taxpayers and other stakeholders for implementation of the GST.
Goods and Services Tax (GST) has reduced complexity in indirect taxation as its implementation has lowered the number of forms to be filed by businesses to just 12, from 495 under as many as 17 central and state laws in the pre-GST era, Kumar said.
The indirect tax administration now shares data with the income tax department, a move that has helped in unearthing instances of tax evasion, he added.
