Revenue Secretary's presentation on next steps required on Goods Services Tax Revenue Secy's presentation on next steps required on Goods and Service Tax (GST)
GST
Dated:- 4-8-2016
=============
\nDocument 1
\nGOODS AND
\nSERVICES TAX:
\nNEXT STEPS
\nTHE ROADMAP TO GST
\nEstablishment of Legal Framework
\nPreparation of IT infrastructure
\nChange Management:
\n.
\nTraining of Officials and Staff
\n\u2022 Outreach and Consultation with trade
\nand industry
\n\u2022 Target date of GST Roll Out: 1st April
\n2017
\nESTABLISHMENT OF LEGAL
\nFRAMEWORK
\n1. Passage of the Constitution Amendment Bill from
\nParliament: First week of August 2016
\n2. Ratification by 50% States
\n3. Presidential Assent of Constitution Amendment and
\nnotification in officia<\/p>\n
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For full text:-Visit the Source <\/a><\/p>\n
\nas processing registration\/returns, assessments, audit, appeals, etc.
\nDevelopment of GST Frontend and Backend for 17 States by GSTN: End
\nDecember 2016
\nCBEC's Backend systems: End November 2016
\nBackend systems of 14 States: End November 2016
\nBackend systems of Pr. CCA, Banks, RBI & State accounting
\nauthorities: End November 2016
\nTesting and integration of GST Frontend and backend of all
\nstakeholders: Jan – March 2017
\nCHANGE MANAGEMENT
\n60,000 officials of Centre and State Governments to be trained on GST
\nlaws and IT framework: till lowest level assessing officer in States and
\nCentre
\nTraining on GST Laws:
\n.
\n\u2022
\n.
\nPhase I: Source Trainer's workshop (25 officers) – Comp<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nregistration under Goods & Services Tax (GST).
\n\u00e2\u017e\u00a4The registration number will be PAN based and will
\nserve the purpose for Centre and State.
\nEach dealer to be given unique id GSTIN
\n>Registration to be granted within 3 days.
\n>Post registration verification in risk based cases only.
\n6
\n.
\nRETURNS
\nCommon return would serve the purpose of both
\nCentre and State Government.
\nMost average tax payers would be using only four
\nforms for filing their returns. These are return for
\nsupplies, return for purchases, monthly returns and
\nannual return.
\n\u2022 Small taxpayers: Small taxpayers who have opted
\ncomposition scheme shall have to file return on
\nquarterly basis.
\nFiling of returns shall be completely onlin<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n