GST National seminar

Organized By:

Department of CommerceNizam College(Autonomous), Hyderabad-1

“Goods and Services Tax Network [GSTN] -A milestone Steps towards a Digital India”

Presented By: G DEVENDER , MCA

Mail ID: jangamdevender@gmail.com

Current Indirect Tax Regime in India

Rate of VAT as levied on sale of goods in different states

S. No. State VAT Rate in %

Essential goods

General rate

1 Andhra Pradesh 4.00 14.502 Assam 5.00 13.503 Bihar 4.00 12.504 Chandigarh 5.00 12.505 Gujarat 5.00 15.006 Haryana 5.25 13.1257 Himachal Pradesh 5.00 13.758 Karnataka 5.00 13.50

S. No. State VAT Rate in %

Essential goods

General rate

9 Kerala 4.04 12.62510 Madhya Pradesh 5.00 13.0011 Maharashtra 5.00 12.5012 Delhi 5.00 12.5013 Rajasthan 5.00 14.0014 Tamil Nadu 4.00 12.5015 Tripura 4.00 12.5016 Uttar Pradesh 5.00 13.50

Problems in Non-GST

Non-GST

dual GST

State GSTCentral GST

GST

IMPORTER

MANUFACTURER

RESELLER

SERVICE PROVIDER

Basic customs dutyCGST SGST

Proposed GST structure

IMPORTER

MANUFACTURER

RESELLER

SERVICE PROVIDER

CGST+ SGST or

IGST

Proposed GST structure

IMPORTER

MANUFACTURER

RESELLER

SERVICE PROVIDER

CGST+ SGST or

IGST

Proposed GST structure

IMPORTER

MANUFACTURER

RESELLER

SERVICE PROVIDER

CGST+ SGST or

IGST

Proposed GST structure

GSTN REGISTRATION- SYSTEM

State

Code

PAN Entity

Code

BLANK Check

Digit

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Benefits of GSTN API• Consumption across technologies and platforms

• Mobile

• tablets

• desktops

•Automated upload and download of data

•Ability to adapt to changing taxation and other business rules and end user usage models

• Integration with customer software (ERP, Accounting systems) that tax payers and others are already using for their day to day activities.

•Application ecosystem can innovate in terms of providing all kinds of features such as

• offline capabilities

• alerting capabilities

• mobile/tablet interfaces, and so on

Benefits of GSTN API•Data security is paramount to GST system.

• Encapsulating

• access control,

• auditing,

• confidentiality (via encryption),

• and integrity (via signatures) is only possible via common APIs.

• It would have a Large social and economic impact

• Powerful economic incentives to evade tax compliance need to be tackled

• Seamless end-to-end interaction with the infrastructure is paramount

References :1. http://economictimes.indiatimes.com/topic/GST2. http://economictimes.indiatimes.com/tech/software/gsts-it-backbone-gets-ready-for-

timely-launch/articleshow/53514352.cms3. http://economictimes.indiatimes.com/tech/ites/states-queue-up-to-get-gst-network-to-

build-back-end-process/articleshow/53821503.cms4. http://www.gstn.org/5. http://www.ndtv.com/topic/gst/news6. http://indianexpress.com/article/business/economy/gst-rate-modi-govt-arun-jaitley-

goods-and-services-tax-3031787/?gclid=CNTQu9au4s8CFdgTaAodQkYGag7. https://www.youtube.com/watch?v=TZdVSWRBmQY8. http://economictimes.indiatimes.com/news/economy/policy/the-advantages-of-gst-take-

a-look-at-benefits/articleshow/53514291.cms9. http://www.rediff.com/business/report/pix-special-gst-what-will-be-costlier-cheaper/

20160804.htm