Business Economy 30 Jun 2017 GST Network project: ...

GST Network project: Honest can expose chain of cheats

DECCAN CHRONICLE. | L VENKAT RAM REDDY
Published Jun 30, 2017, 3:25 am IST
Updated Jun 30, 2017, 3:25 am IST
The network was designed to plug leaks, eliminate tax fraud and enable easy auditing.
The GST Network project (GSTN), a unique and complex IT initiative, set up for implementing GST from July 1 has been primarily designed to check tax evasion and fix cheating by anyone at any level during tax administration.
 The GST Network project (GSTN), a unique and complex IT initiative, set up for implementing GST from July 1 has been primarily designed to check tax evasion and fix cheating by anyone at any level during tax administration.

Hyderabad: The GST Network project (GSTN), a unique and complex IT initiative, set up for implementing GST from July 1 has been primarily designed to check tax evasion and fix cheating by anyone at any level during tax administration.

For the first time, a uniform interface for the taxpayer and a common and shared IT infrastructure between the Centre and states has been established with GSTN.

 

The network was designed to plug leaks, eliminate tax fraud and enable easy auditing. Data from this system can be mined and analysed to improve tax collection. No matter where in the country a trader buys his inputs and no matter where he sells his outputs, there will be a single tax chain where each stage will be offset against the last.

Most importantly, all this will happen through a unified, transparent, digital interface to which all governments and all businesses in the country will be connected.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->