WHAT IS GSTN (GOODS AND SERVICE TAX NETWORK
As per the GSTN website, Goods and Services Tax Network (GSTN) is a Section 8 (under the new Companies Act, not-for-profit companies are governed under section 8), non-Government, private limited company.
It was incorporated on March 28, 2013. The Government of India holds 24.5% equity in GSTN and all States of the Indian Union, including NCT of Delhi and Puducherry, and the Empowered Committee of State Finance Ministers (EC), together hold another 24.5%.
Balance 51% equity is with non-Government financial institutions.
The Company has been set up primarily to provide IT infrastructure and services to the Central and State Governments, taxpayers, and other stakeholders for the implementation of the Goods and Services Tax (GST).
The Authorised Capital of the company is Rs. 10 crores.
Contents of this post
Goods and Services Tax Network (GSTN) has built an Indirect Taxation platform for GST to help taxpayers in India to prepare, file returns, make payments of indirect tax liabilities, and do other compliances. It provides IT infrastructure and services to the Central and State Governments, taxpayers, and other stakeholders for the implementation of the Goods and Services Tax (GST) in India.
GSTN has established with a vision to become a trusted National Information Utility (NIU) that provides a reliable, efficient, and robust IT Backbone for the smooth functioning of the Goods & Services Tax regimen enabling economic agents to leverage the entire nation as One Market with minimal Indirect Tax compliance cost.
And GSTN has started its work for GST in India with these objectives which are as follows-
Goods and Service Tax (GST) was the largest indirect tax reform in the history of India. The reform mandated the integration of an entire nation’s diverse tax portfolio into a single taxation system.
This brought upon a massive complexity in developing an IT platform, to handle not only the diverse tax systems of 36 States/Union Territories & Union Government but also needed to provide a single interface for more than a crore taxpayers’ for their GST compliance functions.
Goods and Services Tax Network (GSTN) was entrusted to build such a platform to service the need of a diverse set of stakeholders.
The responsibilities include and are not limited to the following:
The GST was successfully rolled out on the 1st of July, 2017.
GSTN wants to become a trusted National Information Utility (NIU) that provides reliable, efficient, and robust IT Backbone for the smooth functioning of the Goods & Services Tax regimen enabling economic agents to leverage the entire nation as One Market with minimal Indirect Tax compliance cost.
These are the board of directors of GSTN as per the GSTN portal-
No | Name | Details |
---|---|---|
1 | SHRI TARUN BAJAJ | Shri Tarun Bajaj, Secretary, Department of Economic Affairs has been entrusted with the charge of Chairman, GSTN in addition to his additional charge of Secretary (Revenue). |
2 | SHRI ANAND SINHA | Anand Sinha joined the Reserve Bank of India (RBI) in July 1976 and rose to become deputy governor in January 2011. He was an adviser in the RBI up to April 2014 after leaving the office of deputy governor in RBI on 18th January 2014. |
3 | SHRI AJAY KUMAR GUPTA | Shri Ajay Kumar Gupta is Senior General Manager, ICICI Bank Ltd, Mumbai |
4 | SHRI VIVEK AGARWAL | Additional Secretary (Revenue), Department of Revenue (DOR), Ministry of Finance, GOI. |
5 | MRS. SOWJANYA | Secretary Finance, Government of Uttarakhand. |
6 | SHRI SRINIVASAN RAMAKRISHNAN | Over the last four decades, Srinivasan Ramakrishnan has distinguished himself in government, R&D labs, and industry in various areas of Information and communication technologies (ICT). He was with the Ministry of Electronics and IT (MeitY) handling telecom, networking, and computing areas for over twenty-five years. |
7 | SHRI GIRISH KUMAR GAUR | Shri Gaur superannuated from the National Informatics Centre (NIC), Ministry of Electronics & IT, Government of India, New Delhi as Deputy Director-General in 2019 after serving NIC for over 29 Years. |
8 | SHRI DP NAGENDRA KUMAR | He is serving as a Member (GST) in CBIC. |
9 | SHRI PRASHANT GOYAL | Shri Prashant Goyal is Development Commissioner – cum – Principal Secretary Government (Finance), Government of Puducherry |
10 | SHRI SHARAT CHAUHAN | Shri Sharat Chauhan is Principal Secretary (Finance), Government of Arunachal Pradesh |
11 | SHRI MANOJ SAHAY | He is JS & FA D/o Expenditure, Government of India |
GSTN organization structure
No, both are different but both are related to the GST system in India-
GSTN– GSTN stands for Goods and Services Tax Network and is the organization that provides the IT infrastructure to run the GST Portal.
GSTIN– GSTIN stands for Goods and Services Tax Identification Number and is a unique number allotted to a business registered under GST.
You can contact GSTN by mail, phone, or visit the given address-
Goods And Services Tax Network, East Wing, 4th Floor, World Mark – 1, Aerocity, New Delhi – 110037
info@gstn.org.in
An Accountant, GSTP, GST blogger, Website Creator, SEO Builder & Co-founder of the website https://gstportalindia.in for the help of GST Taxpayers of India. Having a perfect accounting experience of more than 10 years in a Private Ltd Company.
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