Concepts of GST: Registration and Migration
Concepts
of GST:
Registration
and Migration
Registration
q
Who
has to register?
q
Turnover
above 10 lakhs / 20 lakhs pa
q
Inter-state
supplier
q
Required
only in the state from where the supply is made
q
Casual
& non resident taxable persons
q
Persons
on whom there is responsibility of paying full tax under reverse charge e.g
transport aggregator
q
Electronic
Commerce Operator (ECO)
q
Agents
Aggregate Turnover
Who do
not have to register?
à Person
engaged exclusively in non-taxable or wholly exempt from tax
à Agriculturist,
in so far as supply of produce out of cultivation of land
à Persons
engaged exclusively in supplies which are under RCM
REGISTRATION
DETAILS
Registration
is
à PAN based only
à State wise separate registration
à One per state only except in case of
business verticals / SEZ units
à One principal place of business has
to be given. Additional places can be given
à Registration is a must within 30
days of starting business
How to
modify registration
CORE
FIELDS
-
Legal
name of business
-
Address
of principal place or additional place of business
-
Addition,
deletion or retirement of partners or directors etc.,
-
Can
be modified only by tax authorities
OTHER
FILEDS
à Can
be modified by self
Pros and
cons of voluntary registration
q Pros
q You can do B to B transactions
q Other registered dealers will not
have to pay tax in reverse charge Cons
q Once registered, you have to pay
taxes on all supplies, even if turnover is less than 20 lakhs
q Even if no transactions in any
month, return will have to be filed
GST Portal
(www.gst.gov.in)
• Common
portal for
• Registration
• Payment
• Return
filing
• IGST
Settlement data processing
Enrollment/Migration
• Enrolment:
of taxpayers registered under VAT, Service Tax, Central Excise and other taxes
subsumed under GST.
• Work
started on 8th Nov 2016 to migrate such taxpayers by generating Prov
ID (PID)
• One
Prov ID is generated for a PAN in a State
• What
is to be done by Taxpayer
• Taxpayer
has to
•
Activate Prov ID on GST Portal and create User
ID and Password of his choice (Enrolment)
•
Fill part-B GSTR REG 26) and attached relevant
documents (migration)
• He
can start using the Provisional ID as that is also his GSTIN (GST
Identification Number).
When will I get Provisional Certificate
• We
have generated Provisional Certificate for all those who have activated their
Provisional ID and shared it with Taxpayers by email. This number stands at
67.11 lakhs.
• Prov
Certificate is also available on the dashboard of taxpayer
• What
is Migration and when will I get Permanent RC?
• Enrolment
form has two parts. Filling up of first part makes one enrolled and generation
of Provisional Certificate.
• Second
part has details like “business details”, ‘Promoters details’, Place of
business, bank account, Goods and services dealt etc.
What are
the tips for getting ready for registration
• Please
get the documents ready with prescribed size (scanned photos of promoters,
scanned image of Proof of business premises, first page of bank passbook or
statement.
• (Photo:
100 KB jpeg; Proof of constitution of Business: 1 MB jpeg or pdf; Proof of appointment
of Auth signatory: 100 KB; Place of business: 1 MB ; Banks: 100 KB)
• Online
filling is simple and does not take more than 10 to 15 minutes.
• The
registration process is free of cost. In case you take services of tax
consultant, you need to pay his/her fee only.
• Once
this part is filled and required documents are uploaded, you will get ARN
(acknowledgement reference number).
• Out
of 67 lakhs 30 lakhs have completed part-B and their applications will be
processed by tax officers soon for issue of Permanent Registration Certificate.
• Remaining
37 lakhs taxpayers are requested to visit the portal quickly and fill up Part-B
to get Permanent Registration Certificate. We are also sending email and SMS to
them.
New
Registration
How to apply for registration?
q Part
A: PAN + Mobile no. + E-mail ID
How to apply for registration?
Registration
What will I get after filling up the from?
• You
will get ARN
• The
details like PAN, Aadhaar will be matched with same with Income Tax and UIDAI
• In
case of any error, email will be sent explaining the error and way to correct
the same.
When will I get RC?
• Within
3 working days.
• If
tax officer can’t read the lease deed or other such document or if he has a
query, he will raise a query which will come to you by email.
• Please
reply within 7 working days.
• Officer
will get 7 working days to take decision. He cannot ask question again.
• Thank You
• The following material is available
on www. cbec.gov.in
• www.cbec-gst.gov.in
• Presentation
on GST
• GST
– Concept & Status
• FAQs
on GST in Hindi, English and 10 regional languages
• CGST,
UTGST, IGST & Compensation Acts
• 18
Rules
• Constitutional
Amendment Act
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