While a search committee has been set up to appoint a new chairman, Kumar may be given another extension given that GST is at a crucial stage of implementation.
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.
Businesses can start filing their first GST returns and pay taxes for July on the portal of GST Network -- the IT infrastructure provider for the new indirect tax regime, beginning August 5, he told PTI here.
GSTN would soon have enough data to be able to run business analytics and find meaningful ways to interpret and help make sense of the filings in tandem with other government departments
It will enable seasonal businesses or foreigners occasionally selling products in India to get a GSTN registration
Persuading traders to upload invoices in advance a big challenge; companies facing issues with digital signatures because of not following instructions on the portal
By keeping Goods and Services Tax Network (GSTN) private, the company has been equipped to take decisions quickly as an agile and nimble organisation not bound by red tape that can retain talent by paying market salaries, he told PTI.
Five IT companies, including Microsoft, TCS and Infosys, have bid for building the GST network across the country for smooth roll out of the new indirect tax regime.
The bank‘s net interest income, the difference between interest earned and interest expended, increased 26.3 percent to Rs 730 crore in the quarter ended December 2013 from Rs 578 crore in a year ago period, which too came in above estimates.