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TMI BlogGSTN COMMON PORTAL – SALIENT FEATURES (PART-I)X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .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 shall be notified on recommendation of the GST Council. Vide Notification No. 4/2017-Central Tax dated 19.06.2017 , GSTN managed website, www. gst.gov.in, has been notified as common portal. Functions performed by Common Portal As per section 146, common electronic portal shall facilitate: registration payment of tax furnishing of return computation settlement of inte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... grated tax electronic way bill, and carrying out such other functions as may be prescribed. GSTN based on Information Technology network Well-designed and well-functioning Information Technology (IT) infrastructure facility would be a pre-condition and pre-requisite for smooth administration of taxpayers, processing of returns, controlling collections, making refunds, auditing taxpayers, levying penalties etc. in the GST regime. On the IT front, all stakeholders have agreed for a common PAN-based taxpayer 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax 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 char ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ges 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 work as a clearing house mechanism which will pool all the information about taxes levied on the Inter-State transactions and provide data on the amounts to be transferred to the destination state for ensuring seamless input tax credit. Responsibilities entrusted to GSTN GSTN has been entrusted with the responsibility to develop, operate and maintain a common GST portal which would provide a common and shared IT infrastructure between Central and State Governments, Banks, CBEC, Reserve Bank of India etc. For the purpose of simplicity for taxpayer and uniformity o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f tax administration, it is also decided to have digitization of all documents and automation of related processes such as common PAN-based registration; common standardized return for all taxes (with different account heads for CGST, SGST, IGST) etc. Each tax authority will have full flexibility in 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 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplication Programming Interface (APIs) which provides platform-independent interfaces to systems at other model-1 State /UT Commercial tax departments, central tax authorities, Agency banks, RBI, CAG, CGA and other stakeholders in GST systems. Concept of GST eco-system A common GST system will provide linkage to all State/UT Commercial Tax departments, Central Tax authorities, Taxpayers, Banks and other stakeholders. The eco-system consists of all stakeholders starting from taxpayer to tax professional to tax officials to GST portal to Banks to accounting authorities. The diagram given below depicts the whole GST eco-system. Services rendered by GSTN to various stakeholders Common GST portal managed by GSTN provides the fol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowing service , viz., Registration (including existing taxpayer master 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 admi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nistration 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 ledger (To be continued.......) - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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