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TMI BlogPROPOSED REGISTRATION PROCESSX X X X Extracts X X X X X X X X Extracts X X X X ..... PROPOSED REGISTRATION PROCESS X X X X Extracts X X X X X X X X Extracts X X X X ..... goods and services * Ease in compliance verification. WHO ARE LIABLE TO BE REGISTERED? * Persons registered to pay existing taxes that will be subsumed under GST. * Persons with All-India Gross Turnover more than a threshold * Persons making interstate supplies * Casual and non-resident suppliers * Voluntary Registration below threshold * Unique-id for specific class of persons. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SALIENT FEATURES OF REGISTRATION PROCESS * PAN based Registration: PAN will be mandatory Unified application to both tax authorities to be filed within 30 days. * State-wise registration for entities having presence in more than one State * Need not apply separately for each State * Deemed approval within three days * Within a PAN, separate registration for separate business verticals ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within a State possible. STRUCTURE OF GSTIN STATE PAN ENTITY BLANK CHECK 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 * 15 digit Alphanumeric structure * State-wise * Based on PAN * 13th Digit for Business Verticals of entities with same * PAN in same State * 14th digit left blank for future use * 15th digit - Checksum. SUPPLIERS UNDER COMPOSITION SCHEME * Supplie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs with turnover below a particular threshold eligible for composition scheme. * To pay tax on turnover with no input tax credit * To opt at the beginning of the year - applicable till eligibility or opting out * Switch from composition to regular scheme voluntarily or on crossing threshold * Suppliers making interstate supplies not eligible. OBTAINING REGISTRATION * Migration of exi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sting tax payers to the GSTN database * Taxpayers with valid PAN * Online application form through Common Portal * Documents to be filed for * Constitution of Business * Principal Place of Business Bank Accounts * Authorised Signatory * Photograph. OBTAINING REGISTRATION * Applications not submitted through Digital Signature to be supported by sending a signed copy of summary e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xtract of the form. * Processing of application and grant of registration even before signed copy received. * Cancellation to be initiated if no signed copy received. * Email and SMS based alerts to the applicants. * No application fee (advance tax in case of casual suppliers). * Applications can be filed through Facilitation Centres (FCs) or through Tax Return Preparers (TRPs). APPROV ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AL PROCESS * Online verification of certain details like PAN, CIN, Bank Account (if possible) and Adhaar. * Online communication of application to jurisdictional authority by the backend modules of tax authorities. * 3 common working days for tax authorities to respond. * Deemed approval after 3 days * Single opportunity to tax authorities to raise query, if any - 7 days for response an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 7 days for action. * Mostly post registration visits based on risk profile. * Online grant of registration * Log-in id and temporary password communicated to the tax payer * Downloadable Registration Certificate to be provided by GSTN * Refusal to register by one tax authority deemed as refusal by both * Communication of reason for refusal of registration. MIGRATION OF EXISTING TAX ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PAYERS * Existing registrants either with States or with Centre to be migrated to GSTIN - Process already initiated. * VAT registration data to be used for migration of dealers in goods. * Service Tax registration data to be used for migration of service providers * Validation of existing registration information by GSTN Verification /updation of migrated data by existing registrants wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thin a specified period. * Issuance of GSTIN by GSTN * Verification by Centre/State Authorities after issuance of GSTIN. AMENDMENT TO REGISTRATION DETAILS * On-time amendment essential for efficient tax administration. * Most of the details to be amended by the tax payer on self service basis. * Some of them like mobile number and email address through online verification. * Some cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itical details like name, principal place of business to be amended after approval from tax authorities. SURRENDER AND CANCELLATION * Registration can be surrendered or can be cancelled on * Closure of business of tax payer * Gross Annual Turnover falling below threshold for registration * Transfer of business * Amalgamation of taxable person with other legal entities or de-merger * ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Non commencement of business by tax payer within the stipulated time period prescribed under GST law. SURRENDER AND CANCELLATION * Cancellation by Tax authorities: * Signed copy of the summary extract of submitted application form not received even after a reminder. * Tax payer contravenes specified provision of the GST law * Taxpayer has not filed any return at all during a prescribed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... period as prescribed under GST Law.
* Cancellation of registration to be prospective
* A person, whose registration was cancelled by tax authority on his own motion, may apply for revocation of registration.
* Substantial penalty in case registration obtained with fraudulent intentions. X X X X Extracts X X X X X X X X Extracts X X X X
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