Many states implements service tax on goods &services and many states implements VAT system of taxation various goods & services. With the introduction goods and services tax in India every state will have to follow the same taxation policy. The GST would be beneficial for the country as well as the government of India with respect to many things. If you want to know further about GST then you can go through a website GST Dost which is an expert tax doctor and an expert adviser where all important information regarding this tax systemis available for you to know.

A businessman would have to complete GST registration online once this goods tax policy is passed and is into action throughout the country. After the registration a unique identification would be provided that would be based on State and PAN number. For completion of the registration the businessman would have to access the e-portal that is set up by the government from where he can complete the registration process and submit his application and on approval of the application he would be provided with a unique GSTIN along with his login id and password. To know more about this system you can visit the website GST Dost and find out everything about it.

It is assumed that the Goods and Sales Tax would have a positive impact on the country. The main motive of this taxsystem is to transform the country into a uniform market and break the fiscal barriers between different states of the country. It will facilitate a uniform tax on goods and services throughout the country, not like the current separate tax systems of the Centre &the States. The GST will consist of two main components, the Central GST and the State GST. This tax system is all in one tax system which includes taxes such as service tax, excise duty, central sales tax, value added tax and entry tax withinthis single tax system known as GST.

Taxes are very important for the development of the nation and its duty of every citizen to pay their taxes. There are different kinds of taxes that are introduced by the government which are being implemented in our country. There are various types of taxes that are into action and are being implemented in the country like Income Tax, Wealth Tax, Service tax, VAT, Corporate Tax, Property Tax, Customs and Excise Duty, etc. Government of India has introduced a new tax system called GST i.e. Goods and Service Tax which is to be implemented in India from June 2016. It is a type of comprehensive indirect tax which will implement on manufacturing, sale and consumption of various goods and services throughout the country.