GST Basics

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GST Registration/Migration Process For Existing Taxpayers (Service Tax, Excise and VAT)

Enrolment Requirement For Existing Assessees : Why to Enroll on GST Portal All existing taxpayers registered under the Central Excise, Service Tax, State Sales Tax or Value Added Tax (VAT), Entry Tax, Luxury Tax and Entertainment Tax are required to provide their details at GST Common Portal ( managed by GSTN for the purpose of [...]

GST For Service Providers – Transition From Service Tax to GST

The implementation process for Goods and Service Tax has been started and it is very important for all the businesses to understand the basics of GST. The initial move for every service provider is to know the transitional issues and take necessary action to ensure the smooth transition to GST. In this post, we will cover [...]

By | 2017-01-24T14:55:40+00:00 December 5th, 2016|GST Implementation and Transition|4 Comments

GST For Traders – Carry Forward of Input Tax Credit & Other Transitional Provisions

As the Goods and Services Tax (GST) is to be implemented from 1st April 2017, it is very important for all of us to understand the fundamentals of GST. For smooth transition of GST in your business, you must be aware of the transitional provisions related to GST. In this article, we will explain the [...]

By | 2016-12-05T11:19:21+00:00 November 30th, 2016|GST Implementation and Transition, Input Credit|2 Comments

Benefits of GST in India

Introduction of GST would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax and allowing set-off of prior-stage taxes, it would mitigate the ill effects of cascading and pave the way for a common national market. [...]

By | 2016-11-28T05:59:26+00:00 November 28th, 2016|GST Implementation and Transition|1 Comment