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As the days for implementation of GST are nearing, anyone and everyone is concerned about how it will impact them and their business/profession/occupation. The confusion is pertaining to the applicability of provisions of a complex law which aims at simplifying the taxation process.
To understand this in a better perspective let us understand its impact on a sector say Banking and Insurance sector. From one registration to multiple registrations, there is a big challenge for banks and other financial institutions. Banking, NBFC's and such other sectors which deal in monetary transactions may have a tough time in the transition from the traditional setup to the GST mode. Financial sectors and Insurance service providers are worried about GST. the reason for such a worry is the dread of transition. A system that was in use for years would have to be replaced with an entirely new style of functioning. The multiplicity of return filing as against the older practice of biannual returns is bound to keep your staff on their toes.
In these circumstances, the best thing to do is to take professional help. And the best people to give this help would be those who exclusively deal in this domain. GSTSuvidha, as the name suggests is an organisation that aims to steer you away from the dilemma and gives you the peace of mind required to excel in your field.