GST registration set to re-open on June 1
PrintListen to this Article
GST is set to roll out from July 1, and 60.5 lakh entities have already enrolled with the GSTN system. However, the process to enrol taxpayers on the Goods and Services Tax Network (GSTN) portal was suspended on April 30.
"As on April 30, 2017, when the first phase of enrolment was closed, 60.5 lakh taxpayers of 84 lakh had enrolled. The enrollment window will re-open for 15 days from June 1 to give taxpayers another chance to enrol," said the finance ministry.
Adhia expressed satisfaction with the preparation for the roll-out of GST on Wednesday. He reviewed the progress on enrolment of existing taxpayers. He also briefed about the software system being developed for GST, training of tax officials and outreach programme being put in place by tax departments across the country.
The training is being conducted on registration, returns and payment modules developed by GSTN, it said, adding GSTN is also conducting a pilot on GST System Software from May 2 to May 16 where 3,200 taxpayers drawn from each state and Union Territory will be participating. The pilot covers all three modules, and is being run to give taxpayers first-hand opportunity to work on the live system as the creation of returns has become an interactive process, an official statement said.
This will also open up the opportunity to test all modules by a large set of users in a live scenario so that all possible scenarios get tested. All stakeholders involved in the GST system — from the taxpayer, accounting authorities, and banks to RBI — will participate in this exercise.
Category : GST | Comments : 0 | Hits : 1166
TEST
Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2. Key Enhancements Include (PDF with screenshots attached): i. News and Updates Section: We have introduced a dedicated tab for all news and updates. This section now includes a bet...
The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition challenging a Delhi High Court verdict, upholding the constitutional validity of anti-profiteering provisions filed by a real estate company. The petition, filed by Swati Realty, says the high court ...
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). Disposing a petition by Kochi-based Modern Food Enterprises, a single judge bench of Justice Dinesh Kumar Singh said if key inputs (cereals, flour, starch, etc) and preparations are s...
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. The police revealed that Gupta had exploited input tax credit (ITC) using 35 fake companies, resulting in a loss of Rs 24 crore to the exchequer over the past two years. He was reportedly part of a syndicate that utiliz...
Comments