Photo: Ramesh Pathania/MintNew Delhi: Every tax payment and return filing under the goods and services tax (GST) regime will cost around Rs.50-60, but traders will not have to bear this cost. Under GST, the entire dealer registration, tax payment, tax return filing and refund will be online and administered by the GST Network (GSTN). “Right now, the government is not charging anything from traders for tax payments and return filing as this is the sovereign function of the government. But, under GST, the tax payment and return filing are being administered by a private company GSTN,” said S.D. GST will replace the multiple indirect taxes levied by the centre and the states, including excise duty, service tax, value added tax, luxury tax and entertainment tax.

Source: Mint September 06, 2016 19:18 UTC