GST

Revenue Secretary reviewed IT-Preparedness for GST roll-out from July 01, 2017.

Revenue Secretary reviewed IT-Preparedness for GST roll-out from July 01, 2017.  Software system developed for GST, training of tax officials etc.

Ministry of Finance

Press Release

Dated: 11th May, 2017

Revenue Secretary Dr. Hasmukh Adhia holds detailed review of IT-Preparedness for the roll-out of Goods and Services Tax (GST) from July 01, 2017.

60.5 lakh taxpayers out of 84 lakh enrolled as of now; Registration to be reopened for 15 days from 01st June, 2017.

Out of 62,937 tax officials, 24,668 tax officials have been given hands-on training; remaining to be trained by 15th June, 2017

3200 taxpayers from Centre, States and UTs to get hands-on experience of GST System software in a pilot from 02nd to 16th May, 2017.

 Dr. Hasmukh Adhia, Revenue Secretary, Government of India, expressed his satisfaction with the preparation for the roll-out of Goods and Services Tax (GST) from 1st July, 2017. He was holding a detailed review of IT Preparedness for GST System at the Goods and Services Tax Network (GSTN) office in national capitalyesterday. The meeting was attended by Smt. Vanaja N. Sarna, Chairperson Central Board of Excise and Customs (CBEC), Shri Navin Kumar, Chairman GSTN, Shri B. N. Sharma, Additional Secretary Revenue, Shri S. Ramesh, Member CBEC, Shri Prakash Kumar, CEO GSTN, Shri Binod H. R., Executive Vice President, Infosys and Shri C. N. Raghupathi, Infosys India Business Unit Head.

Dr. Adhia reviewed GST System preparedness of GSTN and CBEC. He was briefed about the software system being developed for GST, training of tax officials and outreach program being undertaken by Tax Departments across the nation. Out of 62,937 tax officials, 24,668 tax officials have been given hands-on training on the application software on live system while the remaining officials will be trained by 15th June, 2017. The training is being conducted on Registration, Returns and Payment Modules developed by GSTN.

GSTN is also conducting a pilot on GST System Software from 2nd May to 16th May, 2017, where 3200 taxpayers drawn from each State/UT and Centre will be participating. The pilot covers all the three modules and is being run to give the taxpayers first hand opportunity to work on the live system as the creation of return has become an interactive process.

This pilot will also give an opportunity to test all the modules by a large set of users in real life environment so that all possible scenarios get tested. All stakeholders involved in the GST System from taxpayer to bank to RBI to accounting authorities are participating in this exercise which is like a rehearsal for the real rollout. The feedback from the pilot will be used to further improve the GST Software. The modules covered under the pilot are:

i Upload of invoice data using Offline Tool, developed by GSTN
ii Creation of Supply Return (GSTR-1)
iii. Viewing auto-generated inward supply (Purchase) Return (GSTR-2A)
iv Editing of GSTR-2A by purchaser to create final inward supply return (GSTR-2)
v. Viewing and acceptance/rejection of added invoice data by purchaser (GSTR-1A)
vi. Viewing System generated GSTR-3, payment of taxes using net banking and submission of GSTR-3.
vii. Creation of bank scroll by Banks and RBI,
viii.Reconciliation of payment by Accounting Authorities with data received from Banks and RBI

The Revenue Secretary Dr Adhia also reviewed the progress on enrollment of existing taxpayers. As on 30th April 2017, when Phase-1 of enrollment was closed, 60.5 lakh taxpayers out of 84 lakh had enrolled. The enrollment window will be re-opened for 15 days from 1st June,2017 to give another opportunity to taxpayers to enroll.

Share

Recent Posts

  • Income Tax

AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT

Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…

7 hours ago
  • Income Tax

Shareholders can’t be taxed for income from properties owned by the company – HC

Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…

9 hours ago
  • Income Tax

Jurisdictional error in reassessment approval can’t be shielded by the law of limitation

When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…

12 hours ago
  • Income Tax

ITAT ought to remanded whole matter of bogus purchases instead of profit determination

ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…

13 hours ago
  • Income Tax

Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A

Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…

1 day ago
  • bankruptcy

Corporate guarantees executed by corporate debtor constitute “financial debt” under IBC

Corporate guarantees executed by the corporate debtor constitute “financial debt” under IBC and banks to be recognized as financial creditors…

1 day ago