Come July 1, 2017, a lot is about to change in India as the Goods and Service Tax will be implemented changing the spending patterns and affecting the price of almost every large-scale goods and service providers. In addition to this, the income tax department has also made it compulsory for taxpayers to link their Aadhaar card to the PAN and all these new tax laws will begin from July 1. These new rules in the taxing system have made three websites, namely, incometaxindiaefiling.gov.in, gst.gov.in and nsdlgsp.co.in, the most important links online as people flood to get all the documentation completed and continue with their life hassle free. How to apply for new Aadhaar Card and update Aadhaar details – Log on to uidai.gov.in official website.
The new tax rulings will play a key role in shaping the taxing system in India and also increase the government’s tax earnings. While the Goods and Service Tax has been one of the most controversial taxing changes that have left many confused, the safety of linking the PAN details with Aadhaar has its own set of doubts. In these testing times, the Indian government has been trying to make the entire system as accessible and easy as possible, and this is the main reason why these websites are extremely user-friendly and trying to make the transition easier for the tax paying citizens as well as businesses.
The online registration for GST has begun, and people are already flooding into gst.gov.in where in they can register and submit all the documents that are necessary to file GST. The website is beneficial for both taxpayers who fall under the section valid to pay the Goods and Service Tax as well as those who wish to become GST Practitioners. The process of registration for GST is quite simple, and the new tax rule will now become mandatory for anyone who falls under the GST bracket. GST in India: How to Register at gst.gov.in portal, Documents required and Important dates to remember for Tax payers.
Goods and Service Tax will apply to any entity in the Goods and services industry with an annual turnover higher than Rs 20 lakhs (Rs 10 lakhs for Special category states). This turnover is only eligible to business, casual taxable person as well as the non-resident taxable person who deals in goods and services business in any way. As GST is unlike any taxing system that we have been accustomed to, the central government has made the entire process internet accessible and their website, www.nsdlgsp.co.in makes the process of registering and paying for GST as well as filing returns extremely easy. GST Suvidha Provider (GSP) has made all the data about GST and GSTR easily available and is helping people keep calm.GST Effect: Jokes and Memes on Goods & Service Tax take over WhatsApp, Facebook & Twitter before date of implementation.
The central government has made it compulsory for taxpayers to link their Aadhaar and PAN for income tax filing. This step has helped Aadhaar in taking the stature of the important post piece of document from PAN Card and making UID immensely important and one source for all biometric data for people. In addition to tax returns, Aadhaar will be made compulsory for everything from opening a bank account to carrying out different transactions. This new ruling hopes to push people who have not yet applied for Aadhaar to take the step and allows India to have its own version of the social security number. How to link PAN Card with Aadhaar Card on Income Tax Department e-Filing portal before July 1 – easy steps to follow.
Even as the central government tries to make all these transitions and changes easy and compatible to all, the websites have been facing the wrath of millions of Indians accepting the change at the last minute as each of the three sites have crashed many times in the past week. While we all try to make all these changes by the end of June 30, 2017, we hope that the new rules help India to progress and boosts the economic growth of the country.
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