The government has taken the seriousness of GST migration into its hands and clearly stated that if a business entity fails to migrate into the GST framework before the deadline i.e. 30 April, then the consequences may be strictly harsh and the business unit will also have to face legal proceedings in which the government has sought to impose heavy penalty along with other cancellations of significant papers associated with the business.
Also, the registration will also deem as canceled as it is a very important point to be noticed as the canceled registration will deter any business unit to operate afterward the GST implementation. Even in the Agra committee, the registration percentage has only sought a mere 10 percent on to the scale and remaining 90 percent business entities are on the verge of losing their ventures in a slight delay of GST registration.
In some cases, if an assessee doesn’t want to register or enroll under GST, the state government has been accepting an undertaking from the assessees as for why the taxpayer is not willing to enroll and register himself under the GST and the acquired reason would be examined in various departments. But still, the government and the concerned ministries are pressing the registration of taxpayers under GST to subside future consequences of non-registrations.
The reason of non-registrations into GST surfaced that the trading community is finding the process a little bit difficult and has many lags while the process runs over the system. The migration process is very complex and many traders around the nation are facing some issues even when they are trying from their own. It is suggested that there must be a utility which can ease the operation and make the process automatic for which the SAG Infotech has developed a highly advanced Migration & Registration Utility which is easily available on the website at some clicks away. Download it from here: https://blog.saginfotech.com/gst-registration-utility, and complete your migration now!
