Goods and Service Tax GST

GST has made taxation simple

One Indirect Tax in whole of India

Tax rates have come down substantially 

Return filing is fully online

Declaration forms have been done away with

e Invoicing will further revolutionize the system and being control over input tax credit

Seamless flow of input tax credit now possible.

No tax on tax as both central and state government is charging tax on same transaction value.

Inter state movement made simple and one price for entire country possible

Increase in scale and One large warehousing in single place is now possible

Advance ruling in GST has clarified on many would be disputed issues bringing clarity for both assesses and department

However if non GST supplies are also integrated in the current GST portal and e invoicing wef 01012020 also includes non GST supplies then Government can save a lot of money in maintaining two parallel systems.

Payment and return of non GST supplies can be done through GST portal even though sales tax and excise is applicable.

C Form F form and other declaration forms can be easily monitored through e invoicing . when customer confirms it forms can be generated automatically and can be viewed from system.

Centralised payment system can be made for large companies which can file return and make payments centrally for registrations taken for all the states in India through bulk upload system. All the data will be available in e invoicing and only proper codes are required for uploading returns or making payment.

This will reduce cost, make procedures simple and introduce better control mechanisms.