gst system
GST SYSTEM
A common GST system will provide linkage to all State/UT Commercial Tax departments, Central Tax authorities, Taxpayers, Banks and other stakeholders. It will be a common medium of information sharing with standardized forms, formats, payment challans, acknowledgements, certificates etc.
Functions / roles of stakeholders of GST Eco-System
Tax Payers:
- 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
- Others
Tax Return Preparers (TRP)
- TRP denotes CAs, tax advocates etc.
- Act as a mediator and helps the taxpayers in registration / payment / return submission.
- Help the taxpayers in resolving tax related issues.
State Tax Authorities and Central Board of Excise & Customs (CBEC):
- Approval for enrollment/registration of taxpayers
- Tax administration of state tax(Assessment /Audit /Refund / Appeal/ Investigation)
- MIS and other functions
GST Suvidha Providers (GSPs)
- Development of various apps / interfaces for taxpayer, TRPs of GST system
- Providing other value added services to the taxpayers
Aadhaar
- For strong unique identity usage and online authentication of identity of partners /proprietors/Directors etc.
Income Tax & other departments.
- a. Departments which directly or indirectly interact with GSTN for information exchange
- b. Income tax system will be used for PAN , TIN validation
Banks / RBI
- Receipt of tax payments
- Maintenance of records of payments
- Reconciliation/state wise accounting
- MIS and other functions
GST council
- Define policies & procedure for GST
- Body for decision making
GSTN
- Set up of GST system and maintain the same
- Clearing house for IGST
- Interface with the ecosystem of GSPs
Other Eco-System partners
- To provide value added services to taxpayers/TRPs
- To provide Apps/off-line solution to taxpayers
Infosys, the managed service provider (MSP) of GSTN
- The System Integrator and developer of GST Systems
- Manage the GST Systems for 5 years
- Provide Sandbox and other required interface to GSPs
MSP/SI’s of Centre or State
- Develop G2G APIs and apps relating thereto.
- APIs for GSTNs internal use.
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