A meeting was held under the Chairmanship of Revenue Secretary Dr Hasmukh Adhia to review the IT preparedness of the various stakeholders for smooth roll-out of Goods and Services Tax (GST). In the said meeting representatives of Reserve Bank of India (RBI), Principal CCA, Central Board of Excise & Customs (CBEC), Heads of Government Business and IT Heads of 29 Banks and Goods and Services Tax Network (GSTN) took part.

Realizing the criticality of IT preparedness of various stakeholders, the Department of Revenue has been regularly monitoring the progress of IT preparedness of various stakeholders. In the meeting, the status of preparation of software by the Banks, RBI, Principal CCA Office, CBEC and GSTN were discussed along with details of protocol of information interchange between the various stakeholders. All authorized banks were directed to ensure that their IT systems are in place for networking with RBI, GSTN and the accounting authorities of Central and State Government authorities, latest by 30th September, 2016.

IT preparedness mandated - banks must ready systems to network with central payment and GST infrastructure ensuring interoperability. A compliance directive required all authorized banks to ensure their IT systems are capable of networking with the central payment authority, GSTN and the accounting authorities of central and state governments; the Department of Revenue will continue regular monitoring of stakeholder IT preparedness and information interchange protocols to support GST implementation.