The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday approved 'Project SAKSHAM', a new Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC).
The total project cost involved is Rs.2256 crore which will be incurred over a period of seven years.
The project will help in implementation of Goods and Services Tax (GST), extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and other taxpayer-friendly initiatives under Digital India and Ease of Doing Business of Central Board of Excise and Customs.
The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when the GST is to be introduced.
The upgrade of the IT systems will be carried out while keeping the existing Tax-payer services running.
All taxpayers, importers, exporters, dealers under various indirect tax laws administered by CBEC- presently about 36 lakhs, are likely to go up to over 65 lakhs after introduction of GST.
CBEC's IT systems need to integrate with the Goods and Services Tax Network (GSTN) for processing of registration, payment and returns data sent by GSTN systems to CBEC, as well as act as a front-end for other modules like Audit, Appeal, Investigation.
There is no overlap in the GST-related systems of CBEC and GSTN.
This IT infrastructure will also help in the continuation of CBEC's e-Services in Customs, Central Excise and Service Tax, implementation of tax¬payer services such as scanned document upload facility, extension of Indian Customs Single Window Interface for Facilitating Trade (SWIFT) initiative and integration with Government initiatives such as E-Nivesh, E-Taal, e-Sign.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
