Goods and Services tax (GST), which is often known as a historic reform, is now around the corner. After president Pranab Mukherjee gave his assent on September 8, 2016, the Government is firing on all cylinders to implement GST by April 1, 2017. However, the implementation will be little early for the existing tax payers.
Who all are liable to enroll?
Existing taxpayers are liable to enroll under GST system portal. An existing taxpayer is an entity registered with any of the authorities;
- Central Excise
- Service Tax
- State sales tax / VAT (except exclusive liquor dealers)
- Entry tax
- Luxury Tax
- Entertainment tax