is a non-profit organisation for facilitating the collection of Goods and Services Tax (GST).
Currently, five private financial institutions - HDFC Ltd, HDFC Bank Ltd, ICICI Bank Ltd, NSE Strategic Investment Co and LIC Housing Finance Ltd - hold 51 per cent stake in GSTN
, which was incorporated on March 28, 2013, in the erstwhile UPA regime.
As GSPs will directly interact with the GSTN
system, they have to be approved by the latter.
So, we require the 5 per cent slab, which of tax evasion." Under the new system, every month GST payers will have to file three returns on the GSTN
-- one that they fill out with all the invoices and two that will be generated by the system every month.
In addition to the IGN, the GSTN
will work with the already well-established Canadian Green Chemistry Network (CGCN) led by C.
"Further, with regard to the integration of FASTag with LDB, a committee comprising Central Board and Indirect Taxes and Customs (CBIC), NHAI and its associates, NPCI, GSTN
, NIC, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and its associates was formed to examine the feasibility of the same.
It also would have required Modi's government to test the GSTN
more thoroughly before implementing it, and to give small and medium-size businesses, multi-state businesses, and consumers time to familiarise themselves with the task of filing three returns each month.
Summary: New Delhi (India), June 21 (ANI): The GST Council on Friday approved the use of Aadhaar Card registration under which a person can register himself on the GSTN
portal by applying online just using his Aadhar Card number doing away with the requirements of various other documents.
Pandey will continue to head the Unique Identification authority of India (UIDAI) as its CEO and will also hold his position as the Chairman of GSTN
. Speaking to the media, Pandey said that his priorities among others would be to help government improve Tax-GDP ratio, enhance tax compliance through integration of technology, stabilize the implementation of GST, bring transparency and simplification of laws and procedures for better tax administration and ease of business.
shall identify such taxpayers who could not file TRAN-1 on the basis of electronic audit trail," the circular issued by the department said.
"For off-line transaction, an utility has been created by Railways ERP [enterprise resources planning] manager, centre for rail information system, to capture the transaction and facilitate submission of periodical returns in the GSTN
portal," the ministry said.
THENational Informatics Centre is set to take over from the Goods and Services Tax Network ( GSTN
) the preparation of an E- way bill system, crucial to transport goods across state borders under the GST regime to be rolled out from July 1.