New Delhi, Aug 23 (PTI) Goods and Services Tax Network (GSTN) is organising a 'GST Analytics Hackathon' to drive innovation in tax compliance through predictive analytics.

The challenge invites Indian students, researchers, and professionals from startups and companies to develop a predictive model for GST analytics framework, a finance ministry statement said.

Also Read | Shillong Teer Results Today, August 23 2024: Check Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai Games.

The total prize pool for the challenge has been kept at Rs 50 lakh, which includes a first prize of Rs 25 lakh, a second prize of Rs 12 lakh, a third prize of Rs 7 lakh, and consolation prizes worth Rs 1 lakh.

Additionally, a special prize of Rs 5 lakh will be awarded to the best performing all-women team.

Also Read | DDA Housing Scheme 2024 Online Registration Begins at dda.gov.in; Know Eligibility, Price, Required Documents and How to Apply for Over 40,000 Flats Up for Sale in Delhi.

The hackathon would take place over 45 days from the start of registration to the final date for submission of developed prototypes.

Prospective participants can register and access detailed information, including data sets and competition guidelines, at https://event.data.gov.in/event/gst-analytics-hackathon/.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)