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Important info related to GST Registration The way forward: 1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN): You should be able to download the Provisional Registration Certificate from “Download Certificates” at GST website from 27th June 2017. 2. If you are a Taxpayer, who has saved the enrolment form with all details but has not submitted the same with DSC, E-Sign or EVC: You will receive the ARN at your registered email ID, if the data given are successfully validated after 27th June 2017. In case of validation failure (data like PAN not matching), you should be able to login at the same portal from 27th June 2017 on-wards and correct the errors. You can refer the registered email for details of the errors. 3. If you are a Taxpayer, who has partially completed the enrollment form: You can login at the portal on the above mentioned date and complete the rest of the form. 4. If you are not an existing Taxpayer and wish to register newly under GST You would be able to apply for new registration at the GST portal from 25th June 2017.
Businesses can start filing July returns on GSTN from Aug 5 The first tax returns under the new Goods and Services Tax (GST) regime can be filed from Saturday and the facility will remain open till August 20, GST Network CEO Navin Kumar said today. To make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout. So, the GST returns for July and August will be filed on the Goods and Services Tax Network (GSTN) portal by filling up GSTR 3B form. “We will start the facility of filing interim return form GSTR 3B by August 5 and any registered entity who has transacted business in July will have to file the return by August 20, ” Finanza Management Services LLP Kapil Sharma
Don’t panic if you miss the second deadline to get enrolled with the Goods and Services Tax Network, the IT backbone for GST, on Thursday. You will get another chance as the portal will open a third window for enrolling on June 25, five days before the rollout of the new tax. “We realise that when we are implementing a change of this magnitude, taxpayers must be given sufficient time and opportunity to smoothly join the new online platform that will usher in a unified tax structure, ” Navin Kumar, chairman of GST Network (GSTN), said on Wednesday.
GSTIN display on sign boards must for businesses!!!!!!! Government makes it mandatory for traders and businesses to display GSTIN on their business sign boards and the registration certificate on their premises Also, composition dealers will have to mention that they are availing the composite scheme and are not entitled to collect taxes from people. “Every taxable person is required to display his Goods and Services Taxpayer Identification Number (GSTIN) on name board or sign board of business and is also required to display his registration certificate in business premises so that a citizen can easily find out whether a person is registered or not, ” a tax official said. The composition dealer is required to mention in the business premises along with registration certificate that he is not entitled to collect tax from taxpayers. “That is the legal requirement. So that the citizen can find out whether the person from whom he is buying is entitled to collect tax from him or not, ” the official added. The GSTIN is a 15-digit number which taxpayers get after registering with the GST Network portal. Initially, a business is given a provisional ID on logging into the portal and within 3 months the business has to complete the registration process by giving details of business. This provisional ID is then converted to GSTIN. Revenue secretary Hasmukh Adhia said that if a business entity does not generate certificate of registration within 90 days then the provisional ID will stand cancelled. The GST, which subsumes service tax, excise and VAT, has been implemented from 1 July.
Taxable goods over Rs 5, 000 will need e-way bill to enter UP From Wednesday, all taxable goods coming from outside Uttar Pradesh to the state will need to have electronic way bill (e-way bill) if their value is above Rs 5, 000. This is contrary to the GST provision for uniform e-way bill, which requires goods of more than Rs 50, 000 in value to be pre-registered online before it can be moved. E-way bill can be generated on GSTN (common portal). IFTRT, a think tank on transport issues, has termed this a regressive rule which will bring back inspector raj. It said GST had provisioned for digital uniform e-way bill to check consignments above Rs 50, 000 irrespective of type of goods transported. Tax lawyer R S Sharma said, "From July 1 onwards, entry of taxable goods was allowed in UP without e-way bill. Now from July 26, movement of taxable goods coming from outside UP to the state will be under e-way bill. Further, for movement of specified goods like iron, steel and edible oil from one point to another within the state has to be under e-way bill, if value of goods is above Rs 1 lakh. e-Way Bill/TDF