Migration To GST Simplified. Which Forms To Use
Centre has come out with many lists, guides for a seamless migration It has announced a midnight launch for GST on June 30 GST will subsume a variety of central and state levies
As the country's small businesses, manufacturers and traders gear up for the much-awaited launch of GST or Goods and Services Tax, the government has come out with many lists and guides for a seamless migration to the new indirect tax regime. The Central Board of Excise and Customs (CBEC), which helps form the Centre's taxation policy, has simplified the transition process and come out with a list of steps pertaining to different taxpayers. The government has announced a midnight launch for GST on June 30. Touted as the single biggest tax reform since Independence, GST will subsume a variety of central and state levies.
The CBEC, under the revenue department, has also assured a simple migration process for taxpayers under GST. "Taxpayers already registered under existing laws will be automatically migrated, and their registration under GST will be confirmed after provision of additional information by them," the Central Board of Excise and Customs said.
The GST migration process reopened on June 25, 2017 and will continue for three months, it said.
