Do you know how GST is important for your company?

Do you know GST will reduce your food and drink Bills?

E-commerce is fast gaining traction in today’s world. In simple terms, e-commerce can be described as the conduct of any commercial activity using the Internet as a medium.

Ok, Have your missed the deadlines for GST migration registration? Don’t worry! you would not be missed out!
And you know that is not hard to assess, the Government has loaded us with various financial changes at same time.

Refund shall be granted after adjusting any outstanding demand payable by the applicant. If Proper Officer is satisfied that refund is not payable then he shall issue a notice requiring applicant to furnish a reply within 15 days. Any amount rejected as refund shall be re-credited to the electronic credit ledger.

The registration under SGST for the State shall mean registration under SGST and CGST for that State. IGST is the total of CGST and SGST, hence would not require separate registration.

Crux is that we perceived the GST as eight lane super national highway, but it turnout to be a typical Indian road with encroachments, potholes and diversions. Rest you are best to judge.

Finally, after accepting the some major suggestions by Congress party, Constitutional Amendment Bill has been passed by Rajya Sabha on 03/08/2016 and by Lok Sabha on 08/08/2016.

The Government has already been started its preparations to implement the GST in terms of information technology, transitional provisions, data exchange system and other administrative issues. However, tax payers have not prepared anything till now. This would create huge burden to change on fast basis.