1.

From The Existing Tax Regime, How Do You Think The Transition Would Occur, To Gst?

Answer»

Abruptly the old taxes would be halted on the last day, and the next day the GST you would be live. These two concepts are such that they will create lot of chaos, and confusion. So now to start with transition provision the migration of the existing tax payers, WHETHER be it Vat or central excise and be it SERVICE tax, it’s already under the process SINCE last 3 to 4 MONTHS.

Abruptly the old taxes would be halted on the last day, and the next day the GST you would be live. These two concepts are such that they will create lot of chaos, and confusion. So now to start with transition provision the migration of the existing tax payers, whether be it Vat or central excise and be it service tax, it’s already under the process since last 3 to 4 months.



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