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Gst in kerala, india - Kochi
Friday, 21 October, 2016
Item details
City:
Kochi, Kerala
Offer type:
Offer
Item description
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.
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.
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