Infosys Garners INR 1320 crore GST Contract
Q. Infosys has bagged a Rs. 1320 crore contract on 22nd September 2015 to build:- Published on 23 Sep 15a. GST network system
b. OS network system
c. Software network system
d. None of the above
ANSWER: GST network system
IT company Infosys has garnered a INR 1320 crore contract for building the GST network system to be used for rollout of the GST tax in India. The 5 year contract will commence from October 1, 2015.Apart from Infosys, TCS Wipro, Tech Mahindra and Microsoft bid for the project. GoI is planning to implement single rate GST from April 1, 2016. Registration on GSTN will commence by January 31 according to GST network chairman Navin Kumar. GSTN seeks to assist in PAN based registration of traders, apart from filing tax returns and payment system.
