gst registration online india

GST introduction by Central government and reasons why it has not received acceptance

Due to the consistent complains about the tax system and various taxes levied by the government, the production and industrial sectors were much disappointed and were always in favor of a single tax across the country. This thought gave the birth to the introduction of GST to the country, and the government of India also initiated the same in last year. However, the decision was criticized a lot on the ground of less prepared application of the new tax system that affected not only the business sentiments but also to the job market of the country where many employed people also lost their jobs.

The GST was introduced by the government to streamline the indirect tax structure followed in India for many years. The GST bill was passed as a measure for improvement in the VAT, and it is now expected to build a seamless national market.

Introduced in 2017, GST registration is mandatory for every business enterprise. One can easily GST apply online and with few easy steps accomplish the GST registration online. The journey of GST goes years back when Mr. Chidambaram stated that GST would be implemented from 2010 but after a lot of contemplation and opposition, the tax reform saw the daylight in 2017.

Apprehensions behind the new GST registration:

1.     If GST makes it to union bill, in case of disagreement between state and central government, the parliament decision will be held as final.

2.     In India, a merger of two Governments is almost impossible. Integrating the revenue collected by all states and centers into one GST collection doesn’t look beneficial to them.

3.     GST takes away the power from states to tax the items under the state list which is an infringement of the basic structure of our constitution.

4.     Few states fear that a uniform tax collection will drop their tax revenues.

Reforms GST online plans to bring in current tax system:

-         The government aims to decrease the complexity of the tax system by bringing a uniform tax structure. All the indirect taxes will be converted into one comprehensive tax.

-         The services were outside the clutches of state taxation system, and GST will bring all those services under taxation.

-         There are definitional issues about a tax on manufactured and produced goods which GST wishes to resolve.

The benefits of GSTT:

-         The GST taxation will divide the burden between goods and services with a lower tax rate.  It does so by increasing the tax base and minimizing the exemptions.

-         The GST will be levied at only one point, the destination, not at every point.

-         The GST registration online will save manufacturers from paying tax twice.

-         It is expected to create a transparent and corruption-free administration system.

As a responsible citizen of India, every businessman should get their GST registration online India done for the betterment of our country.

Explore web for more information on how to get GST number with a nominal GST registration fee.

Visit this website - https://www.gstport.com/Gst-Registration