Huge data processing required:-
Implementation of GST is going to be a huge task for Government as well as business
Administration of GST will be predominantly based on Information Technology. Almost all procedures relating to registration, payment of GST, record of input tax credit and periodic returns will be done electronically.
There is controlling role of IT in administration and management of GST
It is estimated that there will be 70 to 80 Lakhs taxpayers, 260 to 300 Crores B2B invoice data per month, More than 120,000 tax officials of State and Central Government will access GSTN Network on front end.
Invoice-wise matching of input tax credit will be done. Such matching on such a mass scale has nowhere else been tried in the world.