India : GSTN begins enrolling taxpayers on its system

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GSTN begins enrolling taxpayers on its system

21
Dec '16

The goods and services tax network (GSTN), the information technology system developed for the bill, has begun the process of registering taxpayers on it. About 8 million people will be enrolled by the system that began in Puducherry and Sikkim last month. It has covered over 19 states and Union territories including Gujarat, Maharashtra and Madhya Pradesh.

GSTN aims to bring all taxpayers on to the digital system by March 20 next year. An enrolment window of 15 days that ends on December 30 has been given to the value-added tax payers in 9 states that include Jhaarkhand, Punjab and Delhi, according to a leading daily.

All traders who have a turnover of more than Rs 20 lakh and taxpayers from northeastern states and hilly states with over Rs 10 lakh turnover have to enrol themselves in the GSTN system. They are required to submit relevant documents and provide KYC details to register on the network, following which, they will receive their unique GST identity number and registration number from GSTN.

GSTN seeks to establish a uniform interface for the tax payer and a common and shared IT infrastructure between the Centre and states. Taxpayers will have the option to enroll themselves on the network in 6 months following the roll out of the GST bill.

In order to ensure smooth implementation of GST, the network will also integrate the GST portal into the tax administration systems of the states as well as the Centre. The GSTN has also been given a loan of Rs 550 crore from the IDFC bank till April 1, 2017, which is the tentative roll out date for the bill. (KD)

Fibre2Fashion News Desk – India

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