GST Network

SECTION : Overview of Goods and Service Tax (GST)

DESCRIPTION
  • Role of GSTN in the GST regime

    GSTN stands for Goods and Service Tax Network (GSTN).

     ·   The GSTN is developing a common GST portal and applications for registration, payment, return and MIS/reports.

     ·      The GSTN would also be integrating the common GST portal with the existing tax administration IT systems and would be building interfaces for tax payers.

     ·        Further, the GSTN is developing back-end modules like assessment, audit, refund, appeal etc.  

     ·    Integration of GST front-end system with back-end systems will have to be completed and tested well in advance for making the transition smooth.

     

    A Special Purpose Vehicle called the GSTN has been set up to cater to the needs of GST. The GSTN shall provide a shared IT infrastructure and services to Central and State Governments, tax payers and other stakeholders for implementation of GST.

     

    The functions of the GSTN would, inter alia, include:

      (i)                          facilitating registration;

     (ii)                         forwarding the returns to Central and State authorities;

    (iii)                       computation and settlement of IGST;

    (iv)                        matching of tax payment details with banking network;

    (v)                providing various MIS reports to the Central and the State Governments based on the tax payer return information;

    (vi)                        providing analysis of tax payers’ profile; and

    (vii)                     running the matching engine for matching, reversal and reclaim of input tax credit.


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