Goods and Services tax (GST), which is often known as a historic reform, is now around the corner. After president Pranab Mukherjee gave his assent on September 8, 2016, the Government is firing on all cylinders to implement GST by April 1, 2017. However, the implementation will be little early for the existing tax payers.
The existing taxpayers will have to enroll themselves under the GST database by the end of this month.
Who all are liable to enroll?
Existing taxpayers are liable to enroll under GST system portal. An existing taxpayer is an entity registered with any of the authorities;
- Central Excise
- Service Tax
- State sales tax/VAT (except exclusive liquor dealers)
- Entry tax
- Luxury Tax
- Entertainment tax
Further enrollment here means validating the data of existing taxpayers and filing up the remaining key fields.
- Provisional ID as explained in point 2.
- Password as explained in point 2.
- Valid email address (it should not be off professional – Use your own email ID)
- Valid mobile number
- Bank account number
- IFSC code
Please let me know if you have any doubts or clarification on the same. I will be glad to help you with any questions with regard to GST Registration. You can reach me at +91-9999939069.