GST is so complex that state governments are lining up for GSTN services
Advertisement
Advertisement
These 21 states now rely on GSTN for back-end tasks such as tax settlement, assessment, refunds, etc.
Also read: Technology system that will facilitate GST is getting ready for the biggest tax reform
"More and more states have realised now that they can just reply on the common application that GSTN is building instead of building their own technology systems," a government official told ET on the condition of anonymity. (S)he added that smaller states like Arunachal, where the number of tax payers is very less as compared to other states, will get major benefits out of GSTN, as they will not have to spend money on appointing an agency to handle operations for a few thousand tax payers.
Also read: Assam passes GST bill, becomes the first Indian state to do so
Advertisement
Earlier, Uttar Pradesh, Bihar and Odisha had joined GSTN, with Rajasthan, Madhya Pradesh and Punjab saying that they would build their own systems; however, now these states too are in line to subscribe to the GSTN technology.
Also read: India’s big four consultancies to help Indian companies prepare for GST
Experts said that the reason why these states have shifted from their stands is that they have now understood that using GSTN would save them time and efforts, enabling them to focus their energies on rolling out the new tax regime.
Also read: Infy bags the GST deal
However, there are some large states, like Karnataka, Tamil Nadu and Maharashtra etc, which already have advanced systems for the existing tax regime, and are thus building their own tech back-end.
Advertisement
Image source
Advertisement
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver