Till August 21, as much as Rs 42,000 crore had come in as taxes from 1 million businesses
Taxpayers will, however, have to pay taxes by August 20 on the portal of the GST Network
It is not mandatory to start the uploading but 'it's live'
GSTN chief says enough protection has been taken to guard against any overlapping
May also suggest carrying out with both household and enterprise surveys with changed methodology
Filing a tax return on the Goods and Services Tax Network (GSTN) portal by an entity will cost Rs 55 a month but the state will bear this burden.The user charge for all eight million taxpayers will be borne by the Union and the state governments, to keep revenue flowing for GSTN, the company charged with providing the information technology (IT) backbone for the reform, without burdening the assessees. GST is set to be rolled out from Friday and will absorb a slew of indirect taxes -- including service tax, central excise, value added tax, central sales tax and octroi.GSTN, officially a private body (it was formed at the government's behest and support), has estimated the total cost of the project at Rs 3,000 crore. That covers salaries, interest cost, security operations for five years of operation and the ongoing development period of two years. It awarded a contract worth Rs 1,320 crore to Infosys for building and maintain the IT network, crucial for implementing the proposed ...
GSTN Chairman cautioned against delays on the portal near the deadline due to increased traffic
While FinMin is looking into GSTN's economic security, home ministry looks at national security
It has conducted a trial on 3,200 entities across country to rectified glitches, says Prakash Kumar
Home Ministry said that the details sought on the GSTN were related to national security
GSTN will complete the beta testing of its software on Tuesday
If dealers want to claim input tax credit, they will have to get themselves registered with GSTN
Some officials have raised concerns over GSTN with majority stake in private hands
The service tax department is investigating whether the contract is liable to tax
The enrolment drive kicked off last month with Puducherry and Sikkim, and covered 19 more states and Union territories
Govt of India has 24.5% stake in Goods and Services Tax Network and the state govts an equal share
Of this, Rs 250 cr is towards working capital and Rs 550 cr is long-term
Pvt body working closely with BPM software firms like SAP, Tally and Oracle to facilitate timely preparedness for the transition
Loan amount to be used towards expenditure on salaries and payment to IT partner, Infosys
GSTN is the special purpose vehicle that was formed by the UPA govt to set up the IT framework for rolling out the indirect tax regime