Hope Budget Brings Cheer To The Honest taxpayers.

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The union budget for 2017 is expected to be unique in many ways. For the first time.  The budget is planned to be presented In the parliament on 1 February as compared to the regular practice of presenting it on the last day of February. Defying the age old tradition, the initivative of presenting the union budget in the parliament along with the Railway budget is also a significant change this year. Further company formation in India. The big step of demoentisation by the government by the government has set the bar of expectations very high viz a viz the company incorporation in India tax reforms In the 2017. Union budget, Also the expectation of the citizens is that the success of income disclosure scheme will urge the government to take measures on order to encourage more people to come forward to file their tax returns.

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Traders Promised Registration In One Day

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Even as the contours of the GST remain fluid, the Delhi government has eased the procedure for grant of registration to fresh applications to encourage more traders to contribute towards its kitty of Value Added Tax (VAT).

Guidelines eased:

In circular issued on Friday, The department of trade and taxes said that applicant dealers would be granted company formation in india within a day of applying through a mobile platform, even as it eased guidelines around the provision of bank details for the purpose. The provision of providing bank account details at the time of applying for registration under the DVAT and CST act has been made optional which will encourage more traders to register.

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