The Best Lawyers For Gst Case- Contact Instantly
- leadindia831
- Nov 10, 2023
- 3 min read
Various taxes were previously levied by the central as well as the state governments separately, now they have been replaced by the indirect taxes which should be applied on manufacture, sale and consumption of goods and services in India, simply known as the Goods and Services Tax- GST. A lawyer who specialises with filing the GST would be able to guide you through the technicalities related with taxation as well as the legal penalty for non-compliance to the GST.
GST in India-
Introducing the GST is a significant step for reforming the indirect taxation in the country. Several central as well as state laws, including excise duty, VAT, services tax, etc. have been merged into single tax, so as to save the local market from cascading or double taxation, thus helping the domestic market.
The Goods and Services Tax shall be levied on the supply of goods as well as services. The GST Act was passed by the Parliament in the year 2017, dated 29th March and came into effect on 1st July 2017.
Objectives of GST-
‘One Nation, One Tax’- Various indirect taxes that were applied previously have now been replaced under the GST. The advantage of a single tax is that a particular product should be charged for on common rates in every state throughout the country. Therefore, tax administration would be simple and easy to follow as the Central Government would be the governing body to make policies and taxation rates.
To merge the various indirect taxes- Before the GST was introduced, several unrelated taxes were applied including the Service Tax, Value Added Tax, Central Excise Tax, etc., which were applied at the various stages of the supply chain. There were also taxes governed by the Central and State governments separately.
Cascading effect was eliminated- Prior to the introduction of the GST tax, as multiple taxes have been levied at different stages, previously it was not possible for the taxpayers to set off tax credits of one tax against the other tax.
To control tax evasion- With an introduction to the GST, taxpayers are able to claim an input tax credit on the invoices which have been uploaded by their respective suppliers. Hence, the chances of claiming for the input tax credits on fake invoices have been highly reduced.
To increase the number of taxpayers- As the process of filing for GST is reduced to a single tax system, it resulted in an increase in the tax-registered business. Also, stricter laws for input tax credits also brought the unorganised sectors under the taxation bracket.
Online procedures were introduced- The taxpayer, previously would have to run around various agencies in order to pay taxes, presently the taxation system has also been introduced online and one may apply for registration as well as file his or her taxes through online medium without having to go through the different departments physically and would not have to waste a lot of time.
Why is a lawyer needed for filing of GST ?
As the law has been newly introduced, numerous changes have been introduced with the procedure of taxation, it is, therefore in the interest of the taxpayer to appoint an experienced Gst Advocate who will be able to help you through the entire procedure.
While filing for the GST, as the whole legal procedure has been made stricter than before, it is in the interest of the businessman to seek prior advice from a Gst Lawyer, so as no mistake is committed while filing for the taxes.
In case, a mistake has been committed or if a violation of the procedures for the GST law has been made, it will be helpful if you are represented by an able Gst Advocate Near You.
Also, you may consult a lawyer in case a taxation authority has accused you of under-reporting your taxes.
Lead India offers you a highly qualified team of advocates who of assistance with the GST filing as well as would help defend you in case you are accused of under-reporting your taxes or for any other violation of the GST compliance. Therefore, if you wish to talk to a lawyer or seek free legal advice, you may contact us.
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