Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Voluntary registration is self registration by the dealers in order to get listed within the GST framework. It is applicable for those who are not within the parameters of registration and are not required to register in the GST. Upcoming GST will be requiring registrations to be strict and complied with the rules and regulations and has also declared that the business units having a turnover less than 20 lakh (10 lakh for NE states) can get away with the GST registrations.
As the issues were raised earlier on the confidentiality of the taxpaying data, it is now again a matter in the GSTN arena that the All India Tax Advocates Forum (AITAF) has demanded an all round confidentiality and security of the details of the taxpaying data which will be uploaded by the assessees in the upcoming goods and service tax in India.
The goods and services tax will be coming with a lot of compliance and it must adhere to those rules and regulation must not be broken in any case to avoid any legal or operational loss proceedings.
The major revenue department CBEC is tensed and also gearing up for a better and far reaching campaign regarding the migration of taxpayer into the GST. The department is pleading to the taxpayers for migration into GST by end of this month in order to avoid any issues later on.
A problem close to the level of seriousness is approaching and engulfing a massive number of 30 thousand traders, merchants and taxpayers in the nation related to the GST migration. Talking about hundreds of thousands of traders and their problem related to the migration can be hectic and impossible but taking some few example might explain the issue.
Central Board of Excise and Customs (CBEC) has proposed an e-way bill in the event of transiting goods worth INR 50,000 under the GST regime. This will ask for online registration of the goods consignment and this will give the tax authorities a right to inspect the element anytime if suspected of a tax evasion.
The GST knowledge training is the top most priority of every state government and the center is also making every effort to create awareness on the same issue. Recently taking the example of Gujarat government, which is taking every possible action towards the smooth and responsible implementation of the new tax regime.
The finance ministry is taking the GST matter to the general public for the suggestion and advice row as the ministry have put a set of 8 rules in the public domain, which will be applied to the roll out of goods and service tax in India starting July 1. The government is also seeking comments from the industries in concern on the newly included 4 set of laws i.e. GST Composition, GST Valuation, GST Transition and GST ITC. The rules got passed with some approximation at the meeting of GST council on previously gone March 31.
The Goods and service tax in India has been rolled out also the government has released the GST return form details which are mandated to be filed according to the GST due dates mentioned in the attached notification.
