GSTN, in a statement said, since GSTR-1 and GSTR-3B are filed independent of each other, a need was felt to provide facility to view liability declared in both the forms at one place.
Fearing shortfall in revenue from GST, the government is taking several steps to boost tax mop-up.
Pandey, a 1984 batch Maharashtra-cadre IAS officer, will continue to hold the charge as Unique Identification Authority of India (UIDAI) CEO as well as the Chairman of Goods and Services Tax Network (GSTN).
The government will buy out all the 51 percent equity owned by non-government entities.
The meeting of the Group of Ministers (GoM), set up in September 2017 to look into the technical issues faced by the GSTN, would be held in Bengaluru.
Moneycontrol caught up with GSTN chairman Ajay Bhushan Pandey to talk about how the past year was on the technology side, role of Infosys, possibility of leveraging analytics and how the system is shaping up for the future
The repeated rate revisions were emblematic of the rough edges that needed continual ironing; GST has also not knocked up prices as feared, with retail inflation averaging less than 5% in the last 12 months
"There have been three lakh applications from exporters of the country, involving Rs 25,000 crore, which are awaiting refunds," Mitra, also a GST Council member, said here during an exports conclave, a part of the Bengal Global Business Summit 2019 roadshow.
The focus of Friday's meeting is largely on getting approval on the new shareholding pattern of GSTN
Some states want a larger stake in GSTN, which is currently owned by the government and the private players jointly; the council will also finalise a simpler, single-stage return filing form to procedures for small businesses
The twitter handle of GST Systems Project is designed and developed by GSTN -- the information-technology backbone of the Goods and Services Tax.
Exporters want the IT backbone GSTN to be linked with the National Securities Depository Ltd (NSDL) portal for smooth facilitation of the tax refunds
The electronic way or e-way bill has become mandatory for movement of goods valued over Rs 50,000 from one state to another beginning April 1.
Around 44 lakh micro, small and medium enterprises (MSMEs) are registered with the ministry's Udyog Aadhaar portal, while the number of MSMEs on GSTN database is around 1 crore.
Currently, private financial institutions are the majority owners in GSTN with 51 percent stake, while the centre and states together hold 49 percent.
The rollout is being overseen by the GST Network and the National Informatics Centre
With almost nine months since the rollout of Goods and Services Tax (GST), what still gives anxiety to the chief executive of the information technology (IT) backbone GSTN is the lack of clarity on transitioning to the new return-filing procedure
GSTN, the company developing the technology backbone for the new indirect regime, has developed the utility which will help buyers to check the tax payment status of their suppliers and make claiming input tax credit (ITC) easier.
According to the chamber, simplification of Goods and Services Tax (GST) compliances would result in higher number of returns filed, increased collection of revenues, and easier working capital management by trade and industry. The GST Network (GSTN) functioning and return filing formats could be tweaked to ensure acceptance of invoices, it added.
Other states are expected to start their own trial runs over the next couple of weeks, trying to get their systems and personnel trained for the new practice.
This will be the sixth meeting of the Group of Ministers (GoM) after being set up in September 2017.
The deadline for filing GSTR-1 for July-November, 2017, will end tomorrow. The Finance Ministry had last month extended the due date for filing GSTR-1 from December 31 to January 10.
Taxpayers with annual aggregate turnover up to Rs 1.5 crore in the previous financial year or anticipated in the current financial year can avail the option of filing quarterly returns.
GSTN Chairman Ajay Bhushan Pandey-headed panel comprises VAT commissioners of Karnataka, Gujarat, Telangana, and senior officials from the Department of Revenue and the CBEC.
The 3rd meeting of the goods and services tax network (GSTN) and the Group of Ministers (GoM) on GST took place on Saturday to address IT related issues.