New Delhi, Apr 13 (KNN) As of now,  a total of 1.21 crore businesses have been registered under the new Goods and Service Tax (GST) regime rolled out from 1st July 2017, said the Goods and Services Tax Network (GSTN) official.

The CEO of GSTN, Prakash Kumar said "We started with 60 lakh taxpayers. Today, we have 1.21 tax-payers registered and 57.12 crore e-way bills generated so far."

He said that nearly 500 crore invoices have been uploaded on GSTN portal so far.

"A total of 25.21 crore tax returns have been processed till date. The maximum number of returns filed per day is 18 lakh”, he added.

GSTN is the backbone of the Common Portal which is the interface between the taxpayers and the government.

GSTN is the first of its kind shared IT infrastructure integrating the State and Central governments for taxation purposes. This portal helps both the central as well as the state governments to track and keep a record of all financial transaction made by businesses and act as a backbone to the IT infrastructure in India.