In this video:
Keynote Address: Manish Kumar Sinha, Chief Executive Officer, Goods and Service Tax Network, India
Topic: Transforming Taxation with Technology: Lessons from GSTN’s Digital Journey
Key Highlights:
[1] GST is created after subsuming over 17 taxes, cesses, and surcharges of Centre & States.
[2] Post GST implementation, there is a single indirect tax return, single payment of GST and timely settlement between Center & States, and hence cost of compliance has reduced for the taxpayers.
[3] Technology principles that we’re considered while designing GST are Scalability, Accessibility, Availability, and Security.
[4] GST System is built with open-source technologies and provides an API ecosystem for government and business integrations.