GST SYSTEM STATISTICS (As on 07th July 2019)
GST SYSTEM STATISTICS (As on 30th June 2019)
VISION MISSION AND VALUES
VISION To become a trusted National Information Utility (NIU) which provides reliable, efficient and robust IT Backbone for the smooth functioning of the Goods & Services Tax regimen.
Provide common and shared IT infrastructure and services to the Central and State Governments, Tax Payers and other stakeholders for implementation of the Goods & Services Tax (GST).
Inclusiveness, Efficiency, Transparency, Commitment, Collaboration, Excellence, Innovation and Accountability
Goods and Service Tax Network (GSTN) is a one stop solution for all your indirect tax requirements. It is a Section 25, not for profit organisation owned by government and private players jointly. GSTN has been entrusted with the responsibility of building Indirect Taxation platform for GST to help you prepare, file, rectify returns and make payments of your indirect tax liabilities. Just because it will be a one stop solution for all indirect tax requirements, business will be able to manage tax easily. Unlike current indirect tax, where there are multiple sites backed by provisions and compliances, it will become lot easier for the assesse and government to track the status of returns and payments with the help of GSTN Read More..
Non Government Financial Institution's Share
Dr. Ajay Bhushan Pandey
GSTN has developed a system where SMSes are being sent in case of default in payment of tax.
This software would help businesses create invoices and account statements, manage inventory and prepare GST returns.
The prototype available on GST Portal (Instructions ) gives stakeholders a feel of what the new return filing system will look like. GSTN also sought stakeholder feedback on the proposed offline tool.
Now, businesses supplying goods worth more than Rs 50,000 will have option to include details of e-way bills generated while filing the final monthly sales return under Form GSTR-1.
2nd Year of GST Dedicated to Simplification, New Return Form Soon, Says GSTN Chairman Ajay Bhushan Pandey
GSTN Chairman Ajay Bhushan Pandey Says Centre will be coming up with a new single GST return form much like the income tax return form and will be using the second year to bring about further simplification in the system.