sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018.
 Easier tax refund regime for exporters in the works
 Income tax on your gold and real estate investments
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases
 How RBI dealt with the crisis amid tensions with FinMin
 Pay tax on this PF account withdrawal Income tax return (ITR) filinga
 Seeks to make amendments (Ninth Amendment, 2018) to the CGST Rules, 2017.
 How govt is dealing with tax evasion, corporate fraud
 How to check income tax return (ITR) status
 Second instalment of advance tax due on 15 September
 Missed the deadline for filing India ITR? Here is what you can do

Non-taxing GST apps to make filing income tax return less painful
October, 10th 2016

In a bid to give tax payers more choice to file their returns once the much-awaited tax reform is rolled out, the Goods and Services Tax Network (GSTN) is inviting private companies to build third-party interfaces.

Open for technology, accounting and financial services firms, it will allow businesses to file taxes from various platforms such as mobile apps or portals instead of applying only through the GSTN portal. According to a top official of the agency, which is building the technology back-bone for the country's largest tax reform ever, the idea is to fuel "innovation" and have multiple solutions for different sectors such as FMCG or manufacturing since they may have different needs and also for corporations of different size.

"The approach is similar to what the income tax department follows. Individuals are free to file their returns from multiple sources," said the official. The person added that GSTN is inviting applications till October 15, post which an independent jury will select the companies that fit the bill. The companies will be given a month or so to build their applications.

The government has set a deadline of implementing the new taxation regime by April 1, 2017 and GSTN is hopeful of readying its technology systems before the deadline. The not-for-profit entity owned by the Centre, states and non-government financial institutions, has released the policy paper and the APIs for IT companies to develop applications which will enable taxpayers to upload invoices and file returns directly.

While India's second-largest software company Infosys has been assigned the mandate to develop and run the GSTN in a project worth Rs 1,380 crore, GSTN has held workshops for the industry to gauge their interest in developing apps and interfaces for the tax administration. Accounting software firms like SAP and Tally Solutions and several financial online portals have evinced interest in it so far.

Sumeet Sharma, vice-president and head — industries and value engineering at SAP India said, "SAP is working in close collaboration with its customers, across industries, to provide solutions for a smooth transition to GST. SAP is also working with GSTN in understanding the data flows and providing seamless connectivity from enterprise to GSTN."

The GSTN portal itself will be a one-stop destination for filing and processing of all taxes for almost 65 to 70 lakh taxpayers in the country and is being designed by a specialised design unit of Infosys.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions