Broad IT Plan presented to the Govt and the Empowered Committee Presently At the Draft level Will evolve as a complete system after consulting with various stakeholder s & experts

SNEAK PEEK INTO THE MODEL GST  dual tax  both CGST & SGST levied at the same base IGST  for goods & services exported across state boundaries For Simplicity of the Taxpayer Ease of Tax Administration Bringing out National Common Market A Common PAN based ID A Common Return A Common Challan

ISSUES FACED Revenue Sharing % of Tax Exemptions, Thresholds & Composition

SIMPLICITY TO TAXPAYERS

AUTONOMY OF STATES

POLICY ADMINISTRATION

GSTN SME Taxpayer Corporate Taxpayer RBIBanksCBEC State Tax Authorities

Most economic activities focused here May not have skill & resources Needs extensive consultations, education & training SME Taxpayers May have sophisticated IT systems Common file formats & specifications should be released To Modify & release updated versions with GST support Corporate Taxpayers Collects SGST Common Policy Administration Enhanced Productivity & Revenues State Tax Authorities

OTHER WORKS………. Refund Processing, Taxpayer Audits & Appeals Core Services limited to Registration, Payments & Returns Other services in subsequent phases Infrastructure design  All Stakeholders & all related workflows

So Summing Up… Work Flows Registration ReturnsChallans Interstate Goods RefundsAuditsAppeals

Common PAN-based Registration Common Standardized Returns Different A/c Heads for CGST, SGST & IGST Common Standardized Challans for all taxes Different A/c Heads for CGST, SGST & IGST

Basic Solution Architecture Files through a Standardized Interface States & CBEC - assessments, audits & enforcement Tax Payer & Tax Authority Systems connected to a Common GST Portal GST BRE – defines Tax Rates, Revenue Sharing Rules & Exemptions

Files Returns Pays the Taxes Forwards only the Challan Details Just a pass through device

The next part..!!! A Copy is sent to the respective State & the CBEC

FUNDS FLOW SGST to the States CGST to the Centre Tax Amount IGST

Aggregate Level All Sales & Purchases All Vendors & Customers Just One Return Dealer Level All Sales & Purchases All Vendors & Customers Consolidation according to Vendor wise & Customer Wise Invoice Level Similar to Dealer & Aggregate But transaction details are provided Invoice wise Line Item Level Same as Invoice Level but captures Item wise details as well

Implementing Problems

Lets Change for the better…!! Wishing You All A Prosperous & A Meaningful New Year…!!!