Yes, we are ready. We started working on our systems in November 2015. As per our analysis, we will process 3.2 billion invoices on an average every month. We have further doubled our capacity.
We have made changes to our software based on revised rules. As of today, we have made very good progress.
For the first time, taxpayers will able to pay taxes through debit and credit cards. We are engaging with seven payment gateways for smooth payments. We also have NEFT and RTGS facilities. Taxpayers will also have offline payment options.
The migration process started in November 2016. Of the 80 lakh taxpayers, 66.60 lakh have signed up.
We are borrowing money from banks to run this system. We have to repay, so we have to charge user fees — Rs 50 per month, including charges for 60-70 thousand government officials. Everything will be paid by the government.
(As told to Dipu Rai)