PRESENTATION PLAN
√ Concept of GST
√ Registration
√ Migration – Enrollment & Workflow
INCIDENCE OF TAXATION
√ Presently
√ State V.A.T. follows the destination – based principle of taxation
√ Central taxation follows the origin – based principle of taxation
√ GST would follow the destination – based principle of taxation
Taxes proposed to be subsumed under GST
| CENTRAL TAXES | STATE TAXES |
| > Excise duty.
> Additional Excise Duty. > Service tax. > CVD (Counter Veiling Duty). > SAD (Special Additional Duty). > Central Cesses & Surcharges. |
> VAT.
> CST. > Entertainment Tax. > Luxury tax. > Tax on Lottery, betting, gambling. > Entry tax. > Purchase tax > State Surcharges & Cesses. |
Applicability of GST
How GST works ? Inter-State Purchase & Local sale
Returns For Taxpayers
Pre-requisites for Registration
Permanent Account Number (PAN) issued under the Income Tax Act, 1961 is necessary in order to be eligible for registration. [Section 23 (4)]
Registration – What, Why, Who, When, Where
♦ Obtaining a GST registration number
♦ Commonly called the GSTIN
♦ PAN-based
♦ State-specific
Registration – What, Why, Who, When, Where
Registration – What, Why, Who, When, Where
√ Any / all types of entities carrying out supply of:
- Goods
- Services
- Both Goods & Services
Registration – What, Why, Who, When, Where
- Annual turnover > 10 Lakhs for Arunachal Pradesh, Assam, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, & Uttarakhand
- Annual turnover > 20 Lakhs for all other States & UTs
Registration – What, Why, Who, When, Where
> Casual / Non-resident taxable persons
> UN Bodies
> Embassies
> Other Notified Person (e.g. Government Departments)
> Anyone liable for reverse charge
> Tax Deductors / Tax Collectors under GST
> Input Service Distributors (ISD)
> E-Commerce Operators
> Agent for registered principal
What is the Composition Scheme?
- For small taxpayers whose aggregate annual turnover (PAN-based) does not exceed INR 50 lakhs
- GST will be % of turnover (not less than 2.5% for manufacturers & not less than 1% in other cases )
Composition Scheme –Conditions/Restrictions
Registration – What, Why, Who, When, Where
Can a single entity have multiple registrations?
- If yes, under what conditions
- If no, why not?
GST
Migration
Data and Documents Required for Enrolment
Filling the form GST-REG-20
Mandatory data / Documents
| BUSINESS DETAIL | 1. Registration certificate
2. Partnership deed (if applicable) |
PDF/JPEG(1MB) |
| PROMOTERS/ PARTNERS | Photograph (for each) | JPEG(100KB) |
| PROMOTERS/ PARTNERS | 1. Proof of appointment
2. Photo |
PDF/JPEG(1MB) JPEG(100KB) |
| PRINCIPAL / ADDITIONAL PLACES OF BUSINESS | Address proof (for each) | PDF/JPEG(1MB) |
| BANK ACCOUNTS | Statement/First page (for each) | PDF/JPEG(1MB) |
√ Migration of all existing Central Excise / Service Tax / VAT / CST assesses have already started.
√ To migrate to GST, existing assessees are being provided a Provisional ID and Password.
Taxpayers registered in VAT & Central Excise:
> State authorities communicate the provisional ID and password.
Taxpayers registered in Service Tax:
> Provisional ID and password is communicated in ACES portal.
> Provisional IDs would be issued to only those assessees who have a valid PAN associated with their registration.
√ For cases having multiple CE / ST registrations on the same PAN in a State, only 1 Provisional ID would be issued for the 1st registration in alphabetical order.
> Assessee can add the remaining registrations as additional place of business while filling up the details in GSTN portal.
√ For Centralized Registration (ST), provisional IDs and passwords for each State are being issued.
√ For ISD, they have to register after the appointed day only.
PLEASE NOTE
In case your Central Excise or Service Tax registration does not have a valid Income Tax PAN number, you need to obtain the PAN number and update your registration details on to ACES portal before you can be migrated to GST.
Note on Login Credentials
1. In some cases, your login credentials may have been shared through State VAT authorities. If you have completed the enrollment process using these credentials, you do not need to repeat the process
1. In some cases, your ID and Password may still be awaited from GSTN.
To Read Full Download PPT
Provisional Certificate
may be Cancelled, what will be the formalities for obtaining again the RC.