Vibhor Bansal

First Consultative Workshop on Implementing ‘GST System’ with Tax Accounting Software Product Companies

Blog Post created by Vibhor Bansal on Dec 22, 2015

Goods and Services Tax Network (GSTN) wish to invite Tax Accounting software product companies to the first consultative workshop on implementing 'GST System'. The proposed workshop will be the first step towards ensuring that Tax Accounting Software Products are GST ready before 1/4/2016. This interaction will also help GSTN to understand companies' needs and challenges.

In order to understand the offerings of Tax Accounting software companies, GSTN seeks some specific information about Tax accounting products and companies on this form: https://www.esurveycreator.com/s/ffabb0a

Please Submit your product and company detail on this form latest by 2nd January 2016.

It would be really good, if you can forward this mail to your colleagues working on this domain.

Objective:
The NASSCOM Led industry interactions played a big role in creating GST System. With business processes getting finalized by the Government, they need to engage with Tax Accounting Software Product fraternity with following objectives:

•       Expose them to processes under GST which need to be captured by their products.
•       How they can automate upload of invoice data and filing of returns without need to go to the GST Portal. APIs to be opened soon which could be used to develop required modules. 
•       Expose them to high-level design based on Open API,
•       Tell them the timelines when they could participate in feedback on the APIs,
•       Tell them the timelines they could expect test environments,
•       Understand how much time they would take to deliver beta versions etc.

Background:
As you may be aware, the Goods and Services Tax (GST), which will replace present indirect taxes e.g. State VAT, Central Excise, Service Tax and a few other indirect taxes, will be a broad-based, single, comprehensive tax levied on goods and services. Goods and Services Tax Network (GSTN) has been made responsible to build and operationalize the GST system as the only national agency. GSTN has embarked on a journey to implement from ground up a modern, automated, fully digital tax infrastructure also called as "GST System".

The GST System is being developed by M/s Infosys, who have been selected as our Managed Service Provider (MSP) for the project. M/s Infosys shall develop the GST Core System, provide required IT infrastructure to host the GST System and run and operate the system for five years. The GST System will have a G2B portal for taxpayers to access the GST Systems, however, that would not be the only way for interacting with the GST system as the taxpayer via his choice of third party applications, which will provide all user interfaces and convenience via desktop, mobile, other interfaces, will be able to interact with the GST system. The third party applications will connect with GST system via secure GST system APIs. All such applications are expected to be developed by third party service providers who have been given a generic name, GST Suvidha Provider or GSP.

With this objective in mind, GSTN wish to interact with IT Companies which might be interested in joining the GST eco-system. In its first such interactions, GSTN wish to invite IT companies who have an existing Tax accounting software product developed and offered by them to customers in India.  The first interactive workshop with Tax Accounting Product companies is tentatively scheduled around mid of January 20016 at Bangalore. The exact details shall be provided in due course.

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