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60,000 officers to get training; IT infra must be ready by March

As many as 60,000 revenue officials of the Central and state governments will be trained on GST laws and IT infrastructure framework to prepare them for rollout of the new indirect tax regime by April 2017. As per the detailed Goods and Services Tax (GST) rollout road map prepared by Revenue Secretary Hasmukh Adhia, the IT infrastructure framework will be ready by March 2017 and a massive outreach and industry sensitisation programme will also be carried out. After the training on GST laws gets complete by December 2016, GSTN will train them on the related IT infrastructure by March 2017.

Goods and Services Tax Network (GSTN) is a non-government company set up by the Centre and states to provide shared IT framework and services to central and state governments, tax payers and other stakeholders. The revenue department has already started stakeholder consultation with the industry in Hyderabad and Jaipur. 

The IT network of the Central Board of Excise and Customs (CBEC), banks, RBI, state accounting authorities and states will be ready by December-end 2016, according to the road map and the testing and integration of the IT backbone of all stakeholders is slated for January March 2017. To make life easier in the new regime, the Revenue Department has said no fresh registration will be needed for the existing dealers. Existing VAT/service tax/central excise dealer data are to migrate to the GST architecture. As for new dealers, a single application will be filed online and registration will be granted within three days. On GST returns, only one filing will be required for both the Centre and state governments.

Average tax payers will be using only four forms for filing returns -- supplies, return for purchases, monthly and annual returns. While supplies return will be filed on the 10th of every month incorporating the list of suppliers, the same data will be incorporated in the purchase return which will have to be filed on 15th of every month. These data will be then get populated in the monthly and annual returns and the assessee will just have to sign and send it to the tax department, 
Adhia said. 

Nasscom flags complex billing, invoicing issues
The GST regime slated to be rolled out from April 1, 2017, should ensure that issues like complex billing and invoicing requirements and reverse charge on import of services do not impact the export competitiveness of the USD 110 billion sector, industry body Nasscom said on Thursday. Nasscom, which represents IT firms like TCS, Infosys, Cognizant as well as e-commerce companies like Flipkart and Snapdeal, lauded the passage of GST Bill saying the new regime will streamline the taxation system, making it more transparent. However, companies engaged in the supply of services on a pan-India basis will have to seek registrations in 37 jurisdictions. 
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