GSTN COMMON PORTAL – SALIENT FEATURES (PART-I)
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 27-10-2017
Statutory Provisions
Section 146 of the CGST Act, 2017 provides for 'Common Portal' as follows :
"The Government may, on the recommendations of the Council, notify the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated tax, electronic way bill and for carrying out such other functions and for such purposes as may be prescribed."
Central Government has vide Notification No.4/2017 Central Tax dated 19.06.2017 notified www.gst.gov.in as the common GST electronic portal. 'www.gst.gov.in' means the website managed by the Goods and Service Tax Network (GSTN), a company incorporated under section 8 of the Companies Act, 2013.
Meaning of Common Portal
The 'Common Portal' for the purpose of GST shall:
* be noti
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
r ID, a common return, and a common challan for tax payment and therefore a common portal providing three core services (registration, returns and payments) would ease compliance. Further, the IT infrastructure and unified tax credit clearing mechanism will be put in place.
What is GST Network (GSTN)
The GSTN is the comprehensive back-end infrastructure network for the management of tax data and reporting of the GST.
GSTN was incorporated on 28 March 2013 under Section 25 of the Companies Act, 1956 (as a non-Government, not-for-profit, private limited company) promoted jointly by Central and State governments. GSTN is incorporated as a special purpose vehicle to set up IT backbone for GST. The stake of Government and other non-government institutions in GSTN is as under:
* Government of India -24.5%,
* State Governments -24.5%, and
* Non-Government Institutions -51%
GTSN has a self-sustaining revenue model, based on levy of user charges on tax payers and tax authorities avai
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
n using this data for in-house automation, integration, and enforcement.
Objectives of GSTN
GSTN has the following objectives –
* Integration of the common GST Portal with the tax administration systems of the Central / State governments and other stakeholders.
* Provide common PAN based registration, enable returns filing and payment processing for all states on a shared platform.
* Facilitation, implementation and set standards for providing services to the taxpayer through common GST portal to State Governments and other stake holders;
* Build efficient and convenient interfaces between with tax payers to increase tax compliance;
* Carry out research, study best practices and provide training to the stakeholders.
GSTN system's interface with various stakeholders
There are multiple stakeholders in GST system, viz –
* Tax payers
* CAs/Tax Advocates/ TRPs
* Banks/ RBI
* GST Council
* CBEC/State Tax Authorities
* Help-desk
* CAG
* CGA
* 3rd Party Applicat
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ster migration and issue of PAN based registration number);
* Payment management including payment gateways and integration with banking systems;
* Return filing and processing;
* Taxpayer management, including account management, notifications, information, and status tracking;
* Tax authority account and ledger management;
* Computation of settlement (including IGST settlement) between the Centre and States; Clearing house for IGST;
* Processing and reconciliation of GST on import and integration with EDI systems of Customs;
* MIS including need based information and business intelligence;
* Maintenance of interfaces between the Common GST Portal and tax administration systems;
* Provide training to stakeholders;
* Provide Analytics and Business Intelligence to tax authorities; and
* Carry out research, study best practices and provide training to the stakeholders.
Functions performed by taxpayers using GST Portal
Following functions can be performed by taxpa
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =