Concepts of GST:
Registration and Migration
Registration
- Who has to register?
→ Turnover above 10 lakhs / 20 lakhs pa
→ Inter-state supplier
→ Required only in the state from where the supply is made
→ Casual & non resident taxable persons
→ Persons on whom there is responsibility of paying full tax under reverse charge e.g transport aggregator
→ Electronic Commerce Operator (ECO)
→Agents
Aggregate Turnover
Aggregate Turnover will be computed on All-India basis for same PAN
Who do not have to register?
→ Person engaged exclusively in non-taxable or wholly exempt from tax
→ Agriculturist, in so far as supply of produce out of cultivation of land
→ Persons engaged exclusively in supplies which are under RCM
REGISTRATION DETAILS
Registration is
→ PAN based only
→ State wise separate registration
→ One per state only except in case of business verticals / SEZ units
→ One principal place of business has to be given. Additional places can be given
→ 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 FIELDS
→ Can be modified by self
Pros and cons of voluntary registration
Pros
– You can do B to B transactions
– Other registered dealers will not have to pay tax in reverse charge
Cons
– Once registered, you have to pay taxes on all supplies, even if turnover is less than 20 lakhs
– 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
- Enrollment: 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
Enrollment/Migration
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 (Enrollment)
- 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).
Enrollment/Migration
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?
- Enrollment 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?
– On common portal www.gst.gov.in
– Part A: PAN + Mobile no. + E-mail ID
New Registration
How to apply for registration?
New Registration
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.
20 lakh &
75 lakh composition scheme should be scraped
BecGST registered deales who are buying from unreunregistered GST dealers have to pay reverse Tax ,
Further a SaaS based Application should be released by government so such small business can easiy maintain their accounts & file their returns on this application ,so they do not have to bear additional expense of maintaing account & return filing ,even they should be supported with Multilanguage tutorial how to operate this application.