Prime Minister of India, Mr. Narendra Modi is looking carefully at the way GST or Goods and Services Tax is working. This is the reason that Mr. Modi along with Finance Minister Arun Jaitley and GST Council have been meeting quite often to bring about solutions for various issues that people face. On other hand GST Council made GST so simple that if you understand basics of GST then all things will be clear.
GST registration for many people
In fact Prime Minister Mr. Narendra Modi said that even small traders should be a part of Goods and Services Tax as in this way every person will feel to be equal. Another aspect of GST registration is that tax payers and GST registered individuals will have many advantages. Thus they would be receiving all benefits that this service tax can offer.
New Goods and Services Tax also made many changes in taxation system in India. And as most of us know that it was on 1 July 2017 when Indian Government launched GST or Goods and Services Tax in India thus changing Indian history forever.
Know what are different GST return types in another article. This article helps you to file GST return online easily.
Rules under new GST tax
As per new GST tax laws people who have income of more than Rs. 20 lakhs should register under GST tax. However if you have income of less than Rs. 20 lakhs then there is no requirement of GST registration. It is so because they do not pay any kind of indirect tax. Moreover they come under exemption of GST list.
Rajasva Gyan Sangam address
There was a two – day Rajasva Gyan Sangam when Prime Minister released news on GST registration for all. Mr. Prime Minister also informed every individual about importance of GST registration. He added that people and especially all traders must take maximum benefits from Goods and Services Taxes so that their life becomes easier.
Use of technology
The Prime Minister of India Narendra Modi also stressed on the fact that corruption will decrease and the reason for this is technology. Authorities will be making use of technology with the help of which people can file taxes or other GST returns online easily.
The technology that is behind GST is very simple in nature so it would not be trouble for any tax – payer to use the official GST portal or the GST site. On other hand service tax authorities are making sure of the fact that all things will be easy and simple for tax payers.
However it is compulsory for you to follow all rules and regulations as only then you will be able to file return under new Goods and Services Tax returns while you be ready to register under new GST taxes soon.
You can also have idea of how to file GST returns online so that next time when you file return you do not be confused.