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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: [email protected]
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
