The registrations are again up for the taxpayer’s community who had missed the previous timelines but this time with a more tight area for the process. The GST network is open for the assessees to register within the GST with less than a week away from the ultimate roll out.
The enrollment window is open for all those to be registered as TDS or TCS and for those who haven’t applied earlier. Till now, 6.56 million registrations have been done so far on the GSTIN donning 81 percent of the total 8.01 million speculated registrations. It will be a month-long enrollment process which will be giving time to all those existing and new taxpayers to get registered under GST.
It is the third phase of enrollment which was earlier opened from November 8 as a first phase and April 30 as a second phase. Navin Kumar, chairman of GSTN, mentioned that “We started the migration of existing taxpayers in November and wanted to close the process by March. The government, however, asked us not to close it, as many were still to register. At that time, the number of people coming to the portal fell to a few thousand compared to 200,000 a day (now). But we halted the process briefly, hoping it would trigger more people to come and register when we reopen the window.”
He also added that “In fact, I am surprised why they came. We asked the tax department to persuade them to come and migrate, so the entire credit goes to CBEC. About six million came in the first instance and then 600,000 more came in the 15 days after that.” As a fact, there was no law earlier which could make the taxpayers register under GST, but the government passed the bill soon.
Still, there are 1.4 million of taxpayers left as there may be chances that these are under the threshold limit. Still, the clause says that for claiming the input tax credit, all those remaining business unit must have to register themselves under the GST. Also, the condition applies for those who are doing business supplies to other business units than the registration becomes mandatory.
For the final registration, the business units must have to provide all the details of its business, such as the shareholding pattern of business, main place of business, additional place of business, directors and bank account details etc. Navin Kumar also added that “To help the people register themselves to the new GST portal smoothly, we have released three videos just after the opening of the portal today (Sunday). The videos are an official guide for registration which will ensure a smooth roll out of the regime. The videos have been crafted to help all taxpayers including those who are not well versed with technology to complete their enrollments.”
