EditorialSanctum

GST good move

Goods and Services Tax (GST) is one of the biggest tax reforms we were undertaking after independence.  The proposed GST will not have any problem for those who are paying tax sincerely and honestly but it will have effect on those who are not paying tax properly. The main reason behind coming up with GST is to encourage better tax compliant. Almost everything will be same but we will be changing nomenclature. The processes are going to be the same only thing the way we are doing the process will be different. Whoever having VAT will automatically get migrated to GST. Under GST, filing of returns will be online and one can file it through their credit cards as well. Creating awareness about GST is need of the hour, the awareness and training for not only staffs but also for stakeholders is equally important.

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