DIGITAL SIGNATURE FOR GST
The most awaited Tax reform after Independence has come to an existence when Rajya Sabha has passed a constitutional amendment by bringing Goods and Services Tax (GST) In India. It is certainly a significant economic reform which will absolutely affects everyone. If we talk about current taxation system then the taxation divides between union and state Government. The problem of indirect taxation India is that which is generally levied in manufacturing of goods and services as they have to passes through with so many taxes of both state and union which makes the price hike.
Goods and Services Tax (GST) is an indirect tax reform that eliminate tax obstructions between State and Union Government and make a solely domain. It happen only when the law amendment will be processed to remove different stages of Government rights to levy taxes. After tax amendment the tax obstruction between center and state will diminish.
Now Digital Signature Mart plays an important role in that because there is a need of Digital Signature Certificate in GST. However GST will be implemented on July 1 2017. But the role of Digital Signature Certificate becomes mandatory in this respect. However it is yet see how GST will change people’s life. But the DSC will be mandatory for everything to make your document safe online.