Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – 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 notified by Government be an electronic portal, and facilitate specified functions It
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ices (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 availing its services. The GSTN will provide a front end portal to administer the Inter-State Taxation (IGST). The above network will wo
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ation 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 Application developers Aadhaar/ MCA21/CBDT The GST portal is direct, browser-based interface for taxpayers and tax officials to access GST services. However, the GST system is designed on open Applicati
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count 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 taxpayers while using GSTN portal – Application for registration as taxpayer and profile management; Payment of taxes, including penalties and interest; Uploading of Invoice data Filing returns / annual statements; Status review of return / tax ledger / cash
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