Section 146 - Establishment of Common Portal for GST
This section outlines the government's ability to establish a Common Goods and Services Tax (GST) Electronic Portal. Based on recommendations from the Council, the government can officially announce the portal's creation. The portal is designed to assist with several key functions related to GST. These include helping businesses register for GST, pay their taxes, and submit necessary returns. Additionally, the portal aids in calculating and settling integrated taxes and managing electronic way bills. The portal may also serve other functions and purposes as prescribed by the government. Essentially, it serves as a centralized online platform to streamline GST-related processes for businesses and the government. This initiative aims to simplify and enhance the efficiency of tax administration and compliance.
Note: It is an AI generated summary for reference purpose only.
146. Common Portal
The Government may, on the recommendations of the Council, notify the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated tax, electronic way bill and for carrying out such other functions and for such purposes as may be prescribed.
