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
Apparel/Garments | On 26th May 2022
Apparel imports of the United States from India stood at $625.830...
Textiles | On 25th May 2022
The New York State senate recently passed a bill that prohibits the...
Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...
Textile Industry Head honchos
Luxury is not just about high prices but ability to create desire
Instagram & fashion will go a long way together
Donating 20,000 N95 masks to hospitals & NGOs
Daniele Uboldi
EptaInks is the screen-printing division of Eptanova, a company that...
Sarah Bellos
Stony Creek Colors was started in 2012 to build a new future for natural...
Liivika Lapp
Baltika Group, founded in 1928, is the leading fashion brand house in the...
Asif Rahman MIP
MIP is a manufacturer and distributor of high-performance textiles and...
Giulio Cesareo Directa Plus
UK-based Directa Plus is one of the largest producers and suppliers...
Johann-Philipp Dilo Dilo Group
German company Dilo Group is one of the leading equipment suppliers of...
Teodora Mitrovska Label - T*MITROVSKA
T*MITROVSKA is a highly conceptual London-based brand playing with...
Katie Gallagher Label - Katie Gallagher
An internationally recognised American fashion designer, Katie Gallagher’s ...
Andre Walker Label - Andre Walker
Andre Walker is a New York-based renowned designer, creative director,...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.