CCEA clears Rs 2,256 cr project for CBEC's GST integration

Image
Press Trust of India New Delhi
Last Updated : Sep 28 2016 | 3:32 PM IST

Don't want to miss the best from Business Standard?

CCEA today cleared a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help integrate CBEC's system with the GST network before the rollout in April next year.
The implementation strategy for the project will be to ensure readiness of CBEC's IT framework by April, 1, 2017, when GST is to be introduced, an official statement read.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi has approved Project Saksham, a New Indirect Tax Network (Systems Integration) of CBEC.
"The total project cost involved is Rs 2,256 crore, which will be incurred over seven years," the statement said, adding that the upgrade of the IT systems will be carried out while keeping the existing taxpayer services running.
Project Saksham 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 CBEC.
"All taxpayers/importers/exporters/dealers under various indirect tax laws administered by CBEC -- presently about 36 lakh -- are likely to go up to over 65 lakh after introduction of GST," the statement added.
CBEC's IT structure needs to integrate with the Goods and Services Tax Network (GSTN) for processing of registration, payment and returns data sent to CBEC as well as act as a front-end for other modules like audit, appeal and investigation.
There is no overlap in the GST-related systems of CBEC and GSTN, the statement said.
"This IT infrastructure is also urgently required for continuation of CBEC's e-services in Customs, central excise and service tax, implementation of taxpayer services such as scanned document upload facility, extension of Indian Customs SWIFT initiative and integration with government initiatives such as e-nivesh, e-taal and e-sign," the statement added.
The government plans to roll out the new indirect tax regime GST from April 1, 2017, which will subsume excise, service tax and a clutch of other local levies.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Sep 28 2016 | 3:32 PM IST

Next Story