Project SAKSHAM
Project Saksham, a new indirect tax network
of the Central Board of Excise and Customs (CBEC), has been approved by the Cabinet
Committee on Economic Affairs (CCEA).
- The total cost of the project is
estimated to be Rs 2256 crore, which will be incurred over a period of
seven years.
About the project:
Under the project, the CBEC’s existing IT
systems will be integrated with the GST Network. This is required for
processing of registration, payment and returns data sent by GSTN systems to
CBEC, as well as act as a front-end for other modules such as audit, appeals,
investigation.
- The exercise is also expected to
help the indirect tax department cater to the larger number of taxpayers
when GST rolls out from April 1, 2017. According to official estimates,
the number of taxpayers under various indirect tax laws administered by
CBEC is about 36 lakh at present, and will nearly double to 65 lakh after
the introduction of GST.
- It will also help in implementation of GST, extension of the Indian Customs Single Window Interface for Facilitating Trade and other taxpayer-friendly initiatives under Digital India and ease of doing business.
