Indiacrafts

As we all know it is Goods & Service Tax. Basically it a single tax which replaces various kinds of taxation that was there earlier like VAT (Though VAT is still there for Liquor Items ), CST, EXCISE, SERVICE TAX, etc. So ultimately it a very good thing to have theoretically but the practicality it is bit different. It has impacted both buyer & seller but it has really impacted severely to the small traders & small eCommerce sellers in EBAY or Amazon. See my article below. TAX SLAB Product - 0%, 5%, 12%, 18%, 28% Service - 18% GST IMPACT ON SMALL TRADERS / ECOMMERCE SELLERS From Buyers Prospective, Always no matter whatever the taxation system is the buyer has to carry the burden of it, so see below how it affect a buyer, Leather Items like Bags, mobile cover, laptop bags & other leather items becomes costlier. (GST 28 % SLAB) Service TAX changed from 15% to 18%, so directly or indirectly you will have to pay a lot money for that. eg,

Friends, I started the registration process for  GST  on 1st July 2017 & literally it took me almost 19 days to finish it. I was doing the registration as Proprietorship for  Indiacrafts . After trying it for almost 50 times then finally I completed the process. The process is not that complicated but the manner the question & some of the data are there may bowl you over.  So let me get to the point straight, The documents you require for Proprietorship registration, 1) PAN CARD, (Individual PAN is Required, No Company PAN required) 2) BANK STATEMENT or BANK BLANK CHEQUE 3) AADHAAR CARD NUMBER (Mobile Number Should be Linked for E-Signature) 4) Address Proof (Electricity Bill, Land Docs or Rent Agreement) Document doesn't Necessarily clear your doubt how to fill the form, So please note down some important points, i) Legal Company Name is Your Name (GST REGN PART-A) eg, Your Name is Hari Das, So Your Legal Business Name is Hari Das (For