We have been hearing in the news about the goods & service tax (GST) that all the indirect taxes levied on goods and services by the central and state are going to get replaced with it. GST is certainly going to be a huge transformation in the Indian Marketplace. The areas impacted with the GST are numerous in number. The tax structure, tax incident, tax computation, compliance, credit utilization and reporting will be in the top order of the impacted. The GSD leaves its shadow onto business operations, pricing of products, supply chain optimization, account and tax compliance systems.
Who should get registered under the GST?
All the business holders in India who generate bills to their customers and clients are the eligible candidates to get registered for the GST. There has been a notification release in the recent days on the dates of registration by the individuals. The dates have been declared to different for each region and the regions are based on the neighboring states. The final date to get enrolled with the GST Registry is marked to be 31st of January and the GST would be implemented from the 1st of April 2017.
GST Registrations in Delhi and Noida
The GST registrations have been increasing day by day due to the little time given to the citizens to get enrolled. The people in Delhi and Noida regions, GST is going to be a mere migration process. The GST registration in Delhi is now a procedure is to be followed by the Delhi Vat, CST, and Excise dealers even. The users in Delhi who have been under the DVAT regime are now being migrated to the GST, by the GST registration in Delhi is going to be a modification to the current DVAT.
GST registration in Noida is another case for the registration at Delhi. Both the regions have been drawn under the period of 16/12/2016 – 31/12/2016 but there are some taxes in the Delhi and Noida regions where there is need of extra care. However, even if the dates is going to miss, the users are eligible to register themselves till 31/01/2017 which is common end date to the entire nation. The GST Registration in Noida is now being done by the local auditors and tax advisors also. They can be the best POC when you turn with an issue.