GOODS & SERVICES TAX NETWORK (GSTN)

GST is entrusted with the basic and primary purpose of smooth functioning of Goods & Services Tax in India.

Various other functions are:

1. Creation of a strong IT infrastructure and service backbone for the purpose of capturing, processing and exchange of information amongst the stake holders including tax payers, States and Central Governments, Accounting Offices, Banks and RBI.

2. GST is a destination based tax. Inter state trade and commerce would require a good and robust settlement mechanism of taxes between Centre and the States. The adjustment of IGST will be a complex mechanism considering the volume of transaction in India.

Check out more about GSTN in this video.

This video is useful for Professionals such as Chartered Accountants, Company Secretaries, Advocates and Lawyers. Also, it would be useful for students studying professional courses such as CA, CS, and CMA.

The video does not solicit or market any firm. The video is prepared and uploaded for educational and knowledge purpose.

CA. Saket Agarwal - Partner Indirect Taxation
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