Goods and Services Tax or better known by its short name GST is a new tax collection system in India that will replace all different indirect taxes like VAT, Sales Tax, Central Excise with one Single Tax called GST.
India is undoubtedly one of the 50 fastest growing major economies and with the GST bill introduction, India will be one United Strong Nation. Before GST, every state has different tax rates and different types of taxes for the whole country. GST will put an end to this.
To further explain the GST, there is a Course for Getting Started with GST with a nice Video to explain How GST Works in plain Simple English. This initiative is also by government and the GSTN Network, who is responsible for the GST Website.
Here is the link to the Video: http://tutorial.gst.gov.in/video/module/index.html
Getting Started with GST
- 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 the GST Common Portal managed by the Goods and Service tax Network (GSTN) website.
- Taxpayers Registered under State VAT Department need to provide their details. All other tax payers will be informed at a later date.
- Once the taxpayer submitted their details, there is no need for further action to register again with State or Center once the GST Act is implemented.
The Video Explains everything from GST Migration to Enrollment Process of GST. You will also get to know about obtaining the GST Provision ID from the Aces.Gov.in Website and how to get your documents verified.
If you want to know about the complete GST Migration Process, you can read the article below:
GST Process Status
For more details, please visit the GST official Website: gst.gov.in and aces.gov.in
CALL Toll-free CBEC Helpdesk Numbers 1800-1200-232.
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