As per the recent update, Business doing registration of Good and Service Tax (GST) faced a delay of around 60 days amid countrywide lockdowns. Usually, the process doesn’t take that much time in compliance. The delay has been faced by several appliances who even applied for it before the lockdown and the same doesn’t receive the registration number till now. Many businesses complained about the issue to the Central Board of Indirect Taxes and Customs (CBIC)
Tanushree Roy, director- GST at Nangia & Co LLP said that “The non-assignment of new GST registration numbers Get to know the complete GST registration procedure online on the Indian government GST portal official website. We have explained by the actual screenshot of every step. Read Also has been a road block for manufacturers, distributors, e-commerce operators, stockists, startups and the entire supply chain of Covid-19 related supplies,”.
Meanwhile, the new businesses are not the only one that is facing the issue as per reports interim resolution professionals (IRPs), or people who are managing the firms that are going through corporate insolvency procedures also have been facing the same issue with getting new registrations.
As per rules, interim resolution professionals (IRPs) need to apply for new GST registration View the complete amendment process in GST registration by step by step guide. Also, we have included how to amendment in core & non-core fields. Read Also in all the states where the companies are having registration earlier.
In this matter, Rajat Mohan, senior partner at AMRG Associates responded that “Delay in the grant of registration is acting as an active restraint for IRP/RPs appointed under IBC laws, slowing the revival process for debt-laden companies,”.