GST Migration Procedure Goods and Services tax (GST) that is often known as a historic reform is now around the corner. After president Pranab Mukherjee gave his agreement on September 8, 2016, the Government is firing on all cylinders to put into practice GST by April 1, 2017. Nevertheless, the gexecution will be little early for the existing tax payers. The existing taxpayers will have to register themselves under the GST very soon. Parliament’s approval to GST will boost GDP. The article reports the eligibility for GST Migration Procedure, process for enrolment under GST Portal and important points related to GST Migration. Eligibility for GST Migration Procedure Existing taxpayers are legally responsible to register under GST system portal. An existing taxpayer is an entity registered with every of the authorities; Central Excise Service Tax State sales tax or VAT (except for exclusive liquor dealers) Entry tax Luxury Tax Entertainment tax Additional enrolment here means validating the data of current taxpayers and filing up the remaining key fields. Process for enrolment under GST System Portal Paperless procedure: The complete system of enrolment will be paperless; consequently, no hard copies will be entertained by the department. Additionally, all the aforementioned registered taxpayers will need to visit the GST system portal. Further, it is compulsory for every person to register if the annual turnover is greater than Rs 20 lakh which is the GST exemption limit for registration. Obtain Provisional ID Prior to visiting the GST system portal to being the migration procedure, you must have the provisional ID and password given to you by your related state authorities. In case you do not have a provisional ID, you can contact the ward officer for the same. Online GST Registration If you possess a provisional ID and password, you can complete the GST migration procedure with the following additional information: Valid email address Valid mobile number Bank account number IFSC code Documents Required for GST Migration and Registration You must submit the following documents for GST migration Proof of constitution of business In case of partnership deed – partnership deed In case of LLP – Certificate of Incorporation and Partnership Deed In case of Company – Certificate of Incorporation Passport photo of the Promoters or Partners Proof of appointment of authorized signatory Photograph of authorized signatory Opening page of passbook or statement with the following information: Bank account number Branch Address Address of account holder Few transaction details GST Migration Acknolodgement Number After submitting the form on the GST portal with all the information and documents, an acknowledgement number is generated. The acknolodgement number must be saved for all future correspondences. Current Status of GST Migration The Commercial Taxes Department of each State have fixed a due date for GST migration and have began the validation of PAN data of the dealers and communicated the provisional ID and password for GST migration. Traders in some of the States who have enrolled themselves with the portal have been given a GSTN number. (Know the meaning of GSTN Number) The Commercial Taxes Department will soon be enabling Aadhaar based e-signature to digitally sign documents on the GST portal. After the launch of the GST portal, the Department has organized special camps at major locations for GST registration and migration.
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