IT Platform to Integrate Central and State indirect Taxes Regime

By Vijay Kumar

THE government has approved creation of a Special Purpose Vehicle to be called Goods and Services Tax Network (GSTNSPV) which would primarily be responsible for implementation and sustenance of the GST IT Infrastructure. The GSTNSPV would, inter alia, host a portal that could be shared by all the States and the Centre and which will act as an IT platform to integrate Central and State indirect tax regime. The necessary documents for the incorporation of the GSTNSPV (Articles of Association and Memorandum of Association) are being finalized.

The integration of Central and State indirect tax regime would benefit the taxpayers by providing them standard and uniform interface. It would also assist in creating a national level ‘Unique and Shared" Tax Payer registration database.

This was stated by the Minister of State for Finance, S.S. Palanimanickam in a written reply to a question in the Rajya Sabha yesterday.

Already some retired officers of the CBEC are lobbying for posts in the SPV.