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TAXBONA INFOTECH PRIVATE LIMITED
Shivam Apartment, Lower Ground Floor,
Next to Panchavati Hyundai Showroom,
Near ABB Circle, Mahatama Nagar,
Nashik-422007

contact@taxbona.com

0253-2353050

GST Enrollment Extended till January 31st

11 Jan 2017

The goods and services tax (GST) network has extended the date of enrollment for taxpayers under GST until the end of this current month after a lukewarm reaction from taxpayers in many states as the current data reveals that only 50 percent enrollment has been done in some states so far. All brokers will require a GST ID number—a 15-digit number in view of their earning tax permanent account number (PAN)— to work under GST, which is relied upon to produce results from June or July 2017.

The procedure of relocation of more than 8 million taxpayers to the GST structure began in November, with a staged enrollment get ready for every state. Be that as it may, even after expiry of the last date for some expresses, the enlistment numbers stayed low. Notwithstanding a couple states, merchant enrollment rate has been under half in many states, indicates information examined by GSTN.

Taxpayers situated crosswise over various states can sign into the site—www.gst.gov.in—to upgrade their data and other significant archives as an initial move towards getting an enlistment number under GST. The taxation industry has tried all sorts of corrections to implement the sources in the GSTN structure. The system, which frames the foundation of GST, is organizing with state governments to overhaul data on merchants and issue them tax recognizable proof numbers (TIN).

Recommended: Easy Way for GST Migration & GST Registration

Navin Kumar, chairman of GSTN said that “We have extended the enrollment date for all states until the end of this month after states requested us for an extension, There is no compulsion for taxpayers to register as of now. So, the enrollment numbers are good where the states have taken an initiative and encouraged taxpayers to register.”

S.D. Majumder, former chairperson of the Central Board of Excise and Customs also mentioned that “Taxpayers are not feeling the urgency to register under GST because there is still no certainty about the implementation date. But they should keep in mind that there is no luxury of time and GST has to be implemented from September 2017.”