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

Supply of goods and services

How GST works ? Inter-State Purchase & Local sale

purchase Rs 20000

CSGT and SGST

Online or Cash

Returns For Taxpayers

GSTR 3

GSTR

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

Format of GSTIN

♦ Obtaining a GST registration number

♦ Commonly called the GSTIN

♦ PAN-based

♦ State-specific

 

Registration – What, Why, Who, When, Where

registration - Why

all types of entities carrying out supply

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

Supplies

> 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

Taxes

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

Turnover not Exceeding INR 50L

Registration – What, Why, Who, When, Where

Online registration mandatory

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.

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One response to “PPT on GST Concept, Registration, Migration & Enrollment”

  1. Jeet says:

    Provisional Certificate
    may be Cancelled, what will be the formalities for obtaining again the RC.

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