GSTN performance improved steadily over time: Report

New Delhi, The performance of the Goods and Services Tax Network system has improved steadily over time, resulting in a steady increase in taxpayers in the country, Economic Advisory Council to the Prime Minister (EAC-PM) has said in a working paper. After years of debate, India rolled out the Goods and Service Tax (GST) in July 2017.

The paper — titled Fixing the GST Process: Five Years of Iterative Problem Solving — further said that while the GST regime began with 38 lakh taxpayers on July 1, 2017, it saw a steady increase and climbed to 1.12 crore taxpayers by June 2018.

“At the time of publication, there were 1.37 crore taxpayers, with a peak count of nearly 1.42 crore in the last quarter of 2022,” the paper said.

It also pointed out that the complaint rate has declined from 2.36 lakh (in early 2018) to 17,000 in the last quarter of 2022.

According to the paper, the time taken to resolve taxpayer issues at the call centre is usually 22-24 hours, which is perhaps an acceptable range.

“We found that the performance of the GSTN (Goods and Services Tax Network) system has improved steadily over time.

“Technology-related issues like bugs and defects still exist,” the authors of the paper Sanjeev Sanyal and Pankaj Dikshit noted. The paper said that despite the disruptions caused by the COVID-19 pandemic, the on-time filing rate of returns has stabilised at 76 per cent.

Nonetheless, an effort is needed to achieve 86 per cent or higher, as seen in developed economies, it added.

The paper suggested that GITA can be given capabilities like ChatGPT through deep learning with advanced generative-based conversational AI that does not use any predefined repository of responses.

“The model will need NLP (natural language processing), NLU (NL understanding), NLG (NL generation) and dialogue management (DM), which are the building blocks of conversational AI-based chatbot engines,” it noted.

GSTN introduced a chatbot called GITA for taxpayers to add another channel of interaction and introduce automated responses to frequent and simpler queries of users.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.