GST registration for business

GST registration for biz to reopen on June 25 as 1st deadline ends today If you have not been able to register for the Goods and Services Tax Network (GSTN) within the deadline ending on Thursday, do not panic! There’s one more chance coming your way as the registration for existing excise, service tax and value-added tax (VAT) payers will reopen on June 25. There are about 80 lakh excise, service tax and VAT assessees at present, of which 64.35 lakh have already migrated to the GSTN portal — the company that is readying the information technology backbone of the GST regime. The window for migration to the GSTN, which opened on… Read More

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GST return filing

Excel sheet format to come on June 25 Just five days before the Goods and Services Tax (GST) is rolled out, GST Network will on June 25 launch an offline excel sheet format for use by traders and businesses to upload sales data on the GST portal. Navin Kumar, Chairman of GST-Network, said the GST return forms for all kinds of trade/sales, including composition, e-commerce, non-resident taxable person, would be put up on GSTN website by mid of July. The GSTN is the IT backbone provider for the new indirect tax regime. As per the GST law, a return of all sales or trade made in a month have to… Read More

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