Migration of Existing Taxpayers into GST

The registration is the first step towards implementation of GST, which legally recognized a person as a supplier of goods and/or services under GST. Further, without registration a person can neither collect GST from his customers nor claim any input tax credit of GST paid by him, and also cannot pass on the credit of taxes paid on the goods and/or services supplied to purchaser or recipient.

As per the draft rules of registration, which were put on public domain on September 26, 2016, the following provisions are provided for migration of existing taxpayers into GST

• The person who is registered under the existing law and having the valid Permanent Account Number, shall be granted a provisional registration certificate in Form GST REG-21, incorporating the GST Identification number (GSTIN) therein;
• After getting the provisional registration certificate, every person is required to submit the application in Form GST REG-20 within the prescribed time limit (i.e. six months or such extended time period) along with the information and documents specified in the said application;
• After submission of correct and complete application, the final registration certificate shall be granted in Form GST REG-06, which shall be made available on the GST System portal;If the application is not filed properly, then the provisional registration certificate may be cancelled.

The following information and documents should be readily available before enrolling with the GST System Portal:

Information                          

• Provisional ID received from State/Central Authorities;
• Password received from the State/Central Authorities;
• Valid e-mail address and mobile number of authorized signatory;
• Bank Account Number, which is used for the purpose of carrying out business transactions and Bank IFSC etc.

Documents

• Proof of Constitution of Business, for example Partnership deed in case of partnership firm and in other cases, registration certificate of the business entity;
• Photograph of Promoters/Partners/Karta of HUF;
• Proof of appointment of authorized signatory and his/her photograph;
• Opening page of bank passbook/ Statement containing Bank account number, address of branch, address of account holder and few transaction details etc.

Therefore, now the time has come, when industry should pull up its socks for GST migration and comply with the GST provisions from the very beginning.

The Schedule for enrolment under GST has been provided on the GST official site www.gst.gov.in, the enrolment should be completed within the prescribed time period, which is given below for ready reference:

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