The government asks traders to register under GST

Goods and Services Tax pic

16.07.2017: Government Asks Businesses To Register Under GST By July 30, However, traders with turnover of below Rs. 20 lakh or those engaged exclusively in the supply of exempted goods or services need not register under the new tax regime which has kicked in from July 1.

Excise, VAT, or service taxpayers who have already migrated to the GSTN portal and have been issued provisional IDs need to complete the registration process by September 22, 2017, by giving all the documents following which GSTIN will be issued.

Those taxpayers who need not register under the GST regime can cancel their registration by July 22. Those who have not migrated but are liable for registration will have to do so by July 22,  it added.

“Getting registered would lead to growth in one’s business. Prospective buyers, who are registered under GST, will prefer to buy from suppliers who are also registered under GST, as this would entitle them to the input tax credit,” the ministry said.

Earlier in the week, Prime Minister Narendra Modi had asked all chief secretaries to work expeditiously towards ensuring that all traders register under the GST regime. He conveyed this while chairing a meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a multi-modal platform through which he interacts with top officials of state governments via teleconferencing. Read more from the original source

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