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Swamy demands dismissal of GSTN chairman.

Summary: New Delhi [India], June 18 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Sunday demanded the Union Government to nationalise the Goods and Services Tax-Network (GSTN), adding its chairman Navin Kumar should be sacked for being unable to roll out the regime by July 1.

New Delhi [India], June 18 ( ANI ): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Sunday demanded the Union Government to nationalise the Goods and Services Tax-Network (GSTN), adding its chairman Navin Kumar should be sacked for being unable to roll out the regime by July 1.

"I demand Union Government nationalise GSTN and sack the Chairman GSTN for this monumental fiasco of being unable to active it by July 1," Swamy tweeted.

Dismissing the doubts about the state of preparedness for the rollout of the Goods and Services Tax (GST) regime, GST Network chairman Navin Kumar on Friday said that the system was fully ready for the July 1 launch.

However, the IT system for the proposed e-way bill is still being worked on, and it may have to be deferred by two-three months.

The National Informatics Centre (NIC) may base the e-way bill system on Karnataka's e-transit system.

According to the draft e-way bill, issued in April, movement of goods worth over Rs. 50,000 had to be mandatorily registered with the GST Network.

The GST Council is expected to approve the rules in its meeting on Sunday.

Fearing revenue loss, most states are keen that the e-way bill be introduced alongside the GST regime.

GSTN, which will provide the IT backbone for the new indirect tax levy, expects about 320 crore invoices to be uploaded every month by nearly 80 lakh taxpayers.

To manage this traffic, it plans to launch a campaign to encourage taxpayers to upload their invoices regularly.

It is also working with GST Suvidha Providers (GSPs) to finalise their software and Application Programme Interface (APIs), which should be ready by the first week of July.

The GSTN will also reopen the enrollment window for existing taxpayers from June 25 as well as new taxpayers who are not assessed for value-added tax. ( ANI )

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Publication:Asian News International
Geographic Code:9INDI
Date:Jun 18, 2017
Words:369
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