he introduction of the Goods & Service Tax will be the biggest tax reform since independence. It is an Indirect Tax which has replaced many indirect taxes.

The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India. It is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.

GST is one Indirect tax for the entire country. The goods and services will come under one of the four tax slabs from 5 %, 12 %, 18 % to 28 %. The credit of tax paid at the previous stage will be available as set off. 

The businesses that are already registered under the VAT, excise or service tax law will automatically get registered under the new GST law. But the new dealers have to get registration. The consultation with Top GST consultants in Delhi will help clients to know the process and documentation requirements for the registration.