New Registration under GST will start from today
In 17th GST Council meeting concluded last week, it was affirmed that rollout of GST will be from midnight of June 30 & July 1.
It was also confirmed that –
New businesses would get 30 days to register under GST from June 25;
This is the first time when new businesses will able to register under GST.
Also it seems to be last chance for migration to existing taxpayers under GST regime.
The 6 notifications under CGST also notified by Government on 19th June Click to see
As per one of the last week- PTI reports
There are about 80 lakh excise, service tax and VAT assessees at present, of which 64.35 lakh have already migrated to the GSTN portal — the company that is readying the information technology backbone of the GST regime.
The window for migration to the GSTN, which opened on June 1, will close on Thursday and during the fortnight, 4.35 lakh taxpayers have enrolled taking the total to 64.35 lakh. However, this is 80 per cent of the existing assessees.
GSTN Chairman Navin Kumar sought to allay concerns of businesses who have not registered so far saying that the tax department is “obligated” to provide them with a smooth transition into the GST regime but traders should also come forward and complete the registration process by filling the application form.
“Whosoever wants to do business under GST and wants to migrate, we will provide facility to them even after June 15. From June 25, anyone who is left out now, can come and file information and migrate to GST,” Kumar told PTI.
Registration with the GSTN is necessary for doing business in the GST regime as businesses will have to upload monthly sales data as well as file return forms on this portal.
“People should not panic. If you are left out, you will get another opportunity because the law says anybody who is registered under taxes which are subsumed under GST if they have a valid PAN then they will be given a valid registration. So, it is the tax department’s obligation to give them provisional GST registration provided they have PAN. Therefore, even if they miss this window of June 15, they can come back on June 25,” Kumar added.
However, GSTN is prodding taxpayers and has sent emails to over 30 lakh assesses who have not completed their registration process to make them ready by scheduled rollout date of July 1.
When a business registers under GST, it is given a provisional GSTIN (GST Identification Number). After that, in the second stage, the business has to log in to the GSTN portal and give details of its business, like the main place of business, additional place of business, directors and bank account details.
Thereafter, the business has to verify its registration through digital signature, or by generating electronic verification code (EVC).