GSTN conducted ‘GST-n-You Contest 2020’from 15th September 2020 till 15th October 2020 wherein entries were invited on the various recent initiatives and reforms on GST.
This video was awarded a Certificate.
Made by: Ms. Somya K
Topic: Benefits of GST due to reduction in prices
Duration: 1:36 minutes
General Disclaimer:
This content has been created by the participants of GST-n-You Contest, organized by GSTN. GSTN has uploaded it for the benefit of taxpayers. GSTN has assessed them solely in terms of creativity and originality and they are meant for general guidance purposes only. Information contained therein can’t be cited in a Court of Law or during any quasi-judicial proceedings, as reference.
He: Hey dear I'm home
She: you are early today, but today is last day of return filing
He: So what the era of longer waiting for return filing are over, thanks to GST and for making return filing hassle free and easy. Now I can spend more time with you
She: You are so lovely in your care family more than anything
She: Honey i have a doubt, what's GSTN
He: Oh dear, it is goods and services tax network. GSTN is a non-profit, non-government company which will provide shared IT, infrastructure and service to both, central and state governments including taxpayers and other stakeholders
She: How does GSTN help tax consultants like you?
He: The basic function of GSTN is to help taxpayers to register themselves make tax payments and claim GST returns to generate business analytics among others
The network is also responsible for calculating and settling the GST liabilities along with the input tax credit (ITC)
She: How does it simplify your work? I didn’t get you
He: The common GST portal will be the single interface for all taxpayers from any part of the country goods and services tax network- GSTN, which handles the technology backbone of GST,
bring the entire computation to taxpayers, by way of showing each invoice filed by the suppliers and showing eligibility against each. So, it made my work much easier than before.
She: Thanks to GSTN can we now watch a movie of course get some more popcorn
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