GST IN KERALA, IN INDIA
Services >> Business Offers | Kerala»Pearl Accountants Peal House,Vallathol junction, Thrikkakara P.O,Kochi - 682021 | 21-Oct-2016
The introduction of the GST bill is one of the biggest tax reforms in India. The GST (Goods and services tax) will simplify the current system of taxation. As the name suggests the GST is a tax levied when a consumer buys a good or service, it is a consumer based tax. GST will enable broadening of the tax base, which will further result in reduction in effective rate of tax.
The E- Government has already initiated the process of collecting data of the existing registered dealers Under the VAT, Excise and Service tax laws so as to auto register the Assessee under the GST law Without any further compliance. The key features of the registration process for the new dealers under GST would be as follows:• A simple PAN based registration procedure • A GST identification number a 15 digit common identification number (GSTIN) will be allotted to the applicant.• Deemed registration in case no query is raised within 3 days• Verification may be initiated post registration by the department in certain cases.
The E- Government has already initiated the process of collecting data of the existing registered dealers Under the VAT, Excise and Service tax laws so as to auto register the Asses see under the GST law Without any further compliance.
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