Dear Taxpayers ( of going to be implemented GST ),
It is very clear from the latest updates of various meetings with Finance Minister of India, GSTN and Stakeholders including Central Government Department (mainly CBEC – formerly who controls over the exclusive tax regime of Service Tax in India along with Central Excise and Customs) and State Government stakeholders ( who initially controls over state VAT and CST along with various professional, entertainment tax etc ), about a revolutionary change in Tax Regime of India with single taxation module under one single NETWORK called GSTN is most likely to be implemented very soon in India.
Prior to this all the related Rules, regulations, forms of returns etc had already been drafted; but still need to be brushed up by every taxpayers who are ultimately going to be under GSTN either previously who were under the control of CBEC, under Central Government of India or under various state governments. And so many precautions need to be made, even though the maximum concept of Rules, valuations, etc remains the same as the one which was already under CBEC, as the transitional difficulties will be tremendous if not taken care in advance.
Looking after all these, we as a TEAM who are enthusiastic to share and support the taxpayers, with updates of the new Tax Regime GST, going to update this website time to time.
So, keep updating, clear your doubts, share your problems, we are ready to learn and share with you all.
TEAM D n B
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