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Still 34 Percent of Service Tax Assessees Remains Unregistered With GST

The major revenue department CBEC is tensed and also gearing up for a better and far reaching campaign regarding the migration of taxpayer into the GST. The department is pleading to the taxpayers for migration into GST by end of this month in order to avoid any issues later on.

The sourced data says that only 34 percent of existing service tax entities has migrated themselves into GST so far while talking about the VAT and central excise assessees, the percentage comes up at 75 and 73 respectively. Only service tax entities are behind in the transformation towards the GST network.

CBEC chairperson, Vanaja N sarna in this matter said in a letter to the officers that, “We are fast approaching the last date for completion of migration i.e. April 30, 2017. I urge all zonal Chief Commissioners to take necessary steps to assist all existing taxpayers in their migration to the new regime.” While in the other statement by the department it said that, “Duty or tax credits under the existing laws cannot be carried forward in GST unless you enroll in the GST portal,”

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Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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