By April 30, 87 per cent of central excise assessees and 84 per cent of service tax assessees had migrated to the new payment portal.
After the GST roll-out, all traders would require a 15-digit number based on their income-tax permanent account number (PAN). The GSTN is a private body developing the front-end infrastructure with the help of Infosys. It will provide a common platform for registration, filing of returns and e-payments. It will also integrate the common GST portal with the tax administration systems of the centre and the states.
Of the 8.4 million registered taxpayers, around 6 million have registered under GSTN. “There may be some overlapping cases,” said a government official, explaining that lower registrations than the number of taxpayers might not necessarily suggest that all have not registered.
Exemption under VAT is somewhere around Rs 10-lakh annual turnover. So those up to Rs 20-lakh annual turnover will not be required to register, unless they want to avail the input tax credit facility by coming under the GST net.
“One-third of the taxpayers are below the exemption limit. But many of them will register to avail input tax credit. So we expect only 8-10 per cent will not register as they will use the exemption,” said the GSTN official.
Under the enrollment procedure, traders are supposed to submit their documents and fulfil know-your-customer norms. They will get a registration number and a unique GST identity number.
via GSTN enrolment halts; to restart later | Business Standard News
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