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Series of Economic Decisions - Stake Sale of Bharat Pumps, CBEC'S GST Integration, Saksham


The Cabinet Committee on Economic Affairs (CCEA) on 28 September 2016 approved ‘Project SAKSHAM’. It is a New Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC).
●    It will help in integrating system of Central Board of Excise and Customs with the GST network before the roll out in April 2017. 
●    The total project cost involved is 2256 crore rupees which will be incurred over a period of seven years.
●    The project SAKSHAM will help in
●    Implementation of Goods and Services Tax (GST)
●    Extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)
●    Other taxpayer-friendly initiatives under Digital India and Ease of Doing Business of Central Board of Excise and Customs
●    The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by 1 April 2017, when GST is to be introduced. 
●    The upgrade of the IT systems will be carried out while keeping the existing Tax-payer services running.

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