I am a accountant. I required to know that how to GST will applicable and how its work in accounting field. Now we are using Tally for VAT, Stax and other indirect taxes. but when GST is applicable that time we charged gst like vat and we can take set off like Mvat
07 May 2017
Till now it is expected to applicable from 01 July 2017, but no confirmation is there in respect of these. Wait for further notification, it is not easy to change the whole scenario of indirect taxes so quickly.
07 May 2017
Check out my youtube video if you want to know about how GST works. I have cover in detail about various provisions of GST there. Link of the video is here
https://youtu.be/Uv-GL-0mLG4
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