GST- Goods And Service Tax
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The state Govt has brought in changes for the first time after new GST regime roll out. Major change will include fast and speedy processing of refunds for hotel, restaurants and traders, earlier refund used to start processing after March 31 every fiscal year, now its said that it will refund will start processing immediately after filling, this will cut down the processing period.
Earlier Companies with units under SEZs as well as outside used to have one GST number, but now with new reforms, provisions have been made that they can have separate GST Registration Numbers.
With new provisions authorities can recover tax from companies having presence in multiple states.
Now the Trader can have multiple GST numbers as per his business verticals (earlier it wasn’t possible)
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