Casual Taxable Person under GST

 Casual Taxable Person under GST  Casual Taxable Person under GST
Jan 202017
 

Casual Taxable Person under GST

Who is casual taxable person?

As per sec 2(20) of revised model GST law – A casual taxable person means a person who occasionally undertakes transactions involving supply of goods and/or services in the course or furtherance of business whether as principal, agent or in any other capacity, in a taxable territory where he has no fixed place of business.

The essential elements for being a casual taxable person are:

  • Occasional transactions in a specified state jurisdictions, i.e., he does not do his business in a single place for whole of the year and needs to frequently change his place of business. Eg. Circus business etc.
  • He may have a fixed place of business

Section 24 of revised GST Model law specified some special provision for casual taxable person which are reproduced below:

24. Special provisions relating to casual taxable person and non-resident taxable person

(1) The certificate of registration issued to a casual taxable person or a non-resident taxable person shall be valid for a period specified in the application for registration or ninety days from the effective date of registration, whichever is earlier

and such person shall make taxable supplies only after the issuance of the certificate of registration:

PROVIDED that the proper officer may, at the request of the said taxable person, extend the aforesaid period of ninety days by a further period not exceeding ninety days.

(2) Notwithstanding anything to the contrary contained in this Act, a casual taxable person or a non-resident taxable person shall, at the time of submission of application for registration under sub-section (1) of section 23, make an advance deposit of tax in an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought:

PROVIDED that where any extension of time is sought under sub-section (1), such taxable person shall deposit an additional amount of tax equivalent to the estimated tax liability of such person for the period for which the extension is sought.

(3) The amount deposited under sub-section (2) shall be credited to the electronic cash ledger of such person and shall be utilized in the manner provided under section 44.

From the above provisions following are broad compliances which a casual taxable person needs to be complied with:

  1. Such person shall be required to obtain registration in each of the state in which he undertakes supplies.
  2. A casual taxable person shall apply for registration at least five days before the commencement of business in a taxable territory where he has no fixed place of business.
  3. Such certificate of registration shall be valid for a period of maximum 90 days subject to validity period in registration certificate.
  4. On request above validity period may be extended for a period not more than 90 days. Under no circumstances registration is allowed for more than 180 days.
  5. Such person shall deposit its estimated tax liability in advance at the time of registration.
  6. Such advance tax shall be utilized in the manner provided under sec 44.
  7. Any excess advance tax paid may only be refunded only when such person has file all returns for the validity period his registration certificate.
  8. Such people need not to file annual return.

However a casual taxable person needs to file annual return in the state where he has fixed place of business.

Refunds of Tax paid under GST

 Refunds of Tax paid under GST  Refunds of Tax paid under GST
Jan 182017
 

Refunds of Tax paid under GST

What is refund under GST?

As per explanation 1 to section 48 of the revised GST model law- “refund” includes refund of tax on goods and/or services:

  • Exported out of India or
  • On inputs or input services used in the goods and/or services which are exported out of India, or
  • Refund of tax on the supply of goods regarded as deemed exports, or
  • Refund of unutilized input tax credit as provided under sub-section (3).

Refund may be allowed on certain specific aspects of taxable turnover and that too subject to certain conditions. This may be analyze from the below table:

Taxable turnover for which refunds shall be allowed:1)    Refund of any balance in the electronic cash ledger.2)    Unutilized input tax credit accumulated due to:

a)    Exports including zero rated supplies

b)    Credit has accumulated on account of difference rate of tax on inputs and output supplies.

3)    Purchases made by Embassies or UN be taxed or exempted – Sec 49 and etc..

 Taxable turnover for which refunds shall be not allowed at all:

1)    Refund amount is less than 1000/- rupees.2)    ITC of goods lying in stock at the end of the financial year. ITC related to such goods can be carry forward.
Conditions subject to which refunds shall be allowed:1.     Refund of unutilized input tax credit may be claim at the end any tax period subject to conditions mentioned in sec 48(10).2.     No refund shall be allowed in cases:

2.1.   Where goods exported out of India are subjected to export duty.

2.2.   Supplier of goods or services claims refund of output tax paid under IGST Act, 2016.

Process to be followed for claiming refunds of GST paid:

Step 1: Any person can make application in prescribed from and manner for refund of following amounts:

  1. GST
  2. Interest, if any, paid on such GST
  3. Any other amount paid by himStep 2: The above application shall be made before the expiry of two years from the relevant date.Step 3: Refund of any balance in the electronic cash ledger may be claimed in refund filled by him. No separate application for this is required.

    Step 4.    Application shall be accompanied by:
    a.    Such documentary evidence to established (In case claim amount is more than rupees five lacs):
    i.     Refund is due to applicant
    ii.    The amount of tax, interest or other amount was collected from or paid by him
    iii.    Incidence of such tax, interest and has not been passed by him.
    b.    In case claim amount is less than rupees 5 lacs, it is sufficient if he file a declaration to the effect that the incidence of tax and interest had not been passed on to any other person.

    Step 5: If proper officer is satisfied the whole or any part of tax / interest / amount as claimed is refundable – he may make an order and the amount so determined shall be credited to the fund.

    Step 6: Order of refund in step 5 shall be made within 60 days from the date of receipt of complete application.

In what situations refundable amount be paid to applicant?

  • Refund of tax on goods and/or services exported out of India or
  • Refund of tax on inputs or input services used in the goods and/or services which are exported out of India;
  • Refund of unutilized input tax credit under sub-section (3)
  • Refund of tax paid on a supply which is not provided, either wholly or partially, and for which invoice has not been issued;
  • Refund of tax in pursuance of section 70, i.e., Tax wrongly collected or deposited with Central or State government
  • The tax and interest, if any, or any other amount paid by the applicant, if he had not passed on the incidence of such tax and interest to any other person
  • Other class of applicants as the Central or a State Government may notify.

What is refund on provisional basis?

  1. The proper officer may refund on a provisional basis, 90% of the total amount so claimed in the manner and subject to such conditions, limitations and safeguards as may be prescribed
  2. This facility will be available – in the case of any claim for refund on account of export of goods and/or services made by registered taxable persons, other than such category of registered taxable persons as may be notified in this behalf,
  3. Thereafter make final settlement of the refund claim after due verification of documents furnished by the applicant.

TDS Procedure under GST act

 TDS Procedure under GST act  TDS Procedure under GST act
Jan 162017
 

TDS Procedure under GST Act

GST Payment regime:

In the GST regime, for any intra-state supply, taxes to be paid are the Central GST (CGST, going into the account of the Central Government) and the State GST (SGST, going into the account of the concerned State Government). For any inter-state supply, tax to be paid is Integrated GST (IGST) which will have components of both CGST and SGST. In addition, certain categories of registered persons will be required to pay to the government account Tax Deducted at Source (TDS). Here, we will try to understand procedures related to TDS under revised model law.

What is TDS?

Sec 46 of revised GST law: (1) notwithstanding anything contained to the contrary in this Act, the Central or a State Government may mandate, –

(a) a department or establishment of the Central or State Government, or

(b) Local authority, or

(c) Governmental agencies, or

(d) such persons or category of persons as may be notified, by the Central or a State Government on the recommendations of the Council,

[hereinafter referred to in this section as “the deductor”], to deduct tax at the rate of one percent from the payment made or credited to the supplier [hereinafter referred to in this section as “the deductee”] of taxable goods and/or services, notified by the Central or a State Government on the recommendations of the Council, where the total value of such supply, under a contract, exceeds five lakh rupees.

This provision is meant for Government and Government undertakings and other notified entities making contractual payments in excess of Rs.5 Lakhs to suppliers. While making such payment, the concerned Government/authority shall deduct 1% of the total payable amount and remit it into the appropriate GST account (either of central government or state government as may be applicable to deductor).

Value of supply on which TDS shall be deducted:

The value of supply shall be taken as the amount excluding the tax indicated in the invoice. This means TDS shall not be deducted on the CGST, SGST or IGST component of invoice.

To whom TDS shall be paid:

TDS shall be paid within 10 days from the end of the month in which tax is deducted. The payment shall be made to appropriate government. As per sec 2(11) of revised GST model law appropriate Government means the Central Government in case of the IGST and the CGST, and the State government in case of the SGST. Further following procedural compliances shall be done by deductor:

  1. Such deductors needs to get compulsorily registered under section 23 read with Schedule IV of revised Model GST Law.
  2. Such deductor shall have TAN issued under income tax act to get registered under the act.
  3. They need to remit such TDS collected by the 10th day of the month succeeding the month in which TDS was collected and reported in GSTR 7.
  4. The amount deposited as TDS will be reflected in the electronic cash ledger of the supplier.
  5. They need to issue certificate of such TDS to the deductee within 5 days of deducting TDS mentioning therein the contract value, rate of deduction, amount deducted, amount paid to the appropriate Government and such particulars as may be prescribed.
  6. Non deduction / short deduction / non payment or short payment of TDS is on offence under the act for which a minimum penalty of Rs 10000/- is prescribed under the act.

How deductee can claim benefit of TDS:

The deductee shall claim credit, in his electronic cash ledger, of the tax deducted and reflected in the return of the deductor furnished under sub-section (3) of section 34, in the manner prescribed. Any amount deducted as TDS and reported in GSTR – 7 will automatically reflected in electronic cash ledger.

Refund of excess amount deducted:

  1. In case amount is claim by deductee in electronic cash ledger:

Refund to deductor is not possible such case. However, deductee can claim refund of tax subject to refund provisions of the act. Practically it is not possible to claim any erroneous deduction of TDS by deductor.

  1. In case amount is not so claimed by deductee.

Refund of erroneous excess TDS deducted is possible to deductor subject to refund provision and procedure of the act.

e–Commerce under GST

 e–Commerce under GST  e–Commerce under GST
Jan 132017
 

e–Commerce under GST

What is e-Commerce under GST?

As per section 2(41) of revised GST model law electronic commerce means supply of goods and/or services including digital products over digital or electronic network. This means all kind of supplies which completed over digital network is covered under GST regime. This may include transaction done digital network on prepayment basis such as flipkart, first-try etc.

Under GST regime e-Commerce operator is classified under two head:

  • e-Commerce operator as an taxable entity
  • e-Commerce operator as on tax collection entity

Class 1. As taxable entity:

Central government or state government, as the case may be, may specify categories of services under this class. If such services are provided by e-Commerce operator by digital means, whether on its own account or as an agent of other supplier, it is always presumed that same are supplied by e-Commerce operator.

Now the consequences of e-Commerce operator supplying such specified services are below:

  1. The turnover of such supplies shall be included in the turnover of e-commerce operator and not in the turnover of the actual supplier.
  2. E commerce operator is liable to pay tax on such supplies.
  3. No threshold limit is specified for such e-Commerce business. Such e-Commerce supplier has to obtain GST registration for every rupee of transaction.
  4. e-Commerce business has to apply for registration in each of the state where it affects its supplies.
  5. The original supplier, who supplies the services to e-Commerce operator, shall apply for registration in case his aggregate turnover exceeds Rs 25 lacs.

Class 2. As tax collection entity:

  1. Every electronic commerce operator, not being an agent, shall collect an amount calculated at the rate of one percent of the net value of taxable supplies made through it where the consideration with respect to such supplies is to be collected by the E-commerce operator.
  2. Calculation of net value of taxable supplies:
  3. e-Commerce operator need not to collect tax in case where it is working as an agent.
  4. In such case, e-Commerce operator, which deducting its service charges from the amount payable to supplier, shall also collects 1% of value of taxable supplies and deposited it to appropriate government.
  5. The above collection shall be deposited by e-Commerce operator to appropriate government within 10 days from the end of the month in which collection is made.
  6. No threshold limit is specified for such e-Commerce operator.
  7. The actual supplier which filling GST return shall submit supply to tax and claim the credit of tax collected by e-Commerce operator.
  8. e-Commerce operator shall be taxed on its service charge collected from supplier separately if its supply of services falls in terms of levy under the act.

Thus, in essence, every e-Commerce operator has to apply for registration in every state from where it affects its supplies. Every e commerce operator needs to collect 1% of taxable supplies from the actual supplier and deposited the same to appropriate government. This is done to broaden the tax base and transparency in GST compliance.

HSN Code / SAC under GST

 HSN Code / SAC under GST  HSN Code / SAC under GST
Jan 122017
 

HSN Code / SAC under GST

 What is HSN?

HSN stands for harmonised System of nomenclature. The HSN is the codification of all tradable commodities into 20 broad sections with each chapter containing commodity of similar nature.

As we know that same commodity when traded across the geographical boundaries, are known by different names due to lingual differences. Now in IT enabled multi national trade a unique code is given to each class of tradable commodity based on its nature and usages. This classification and codification is known as HSN code a that commodity.

What is SAC?

Similarly in case of services, for each class when traded across different lingual unified code is given for recognition, measurement and taxation of each class of services.

Role of HSN / SAC under GST:

  1. Classification:

HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime.

Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall use 2 digit code.

The taxpayers whose turnover is Rs. 5 crores and above shall use 4 digit code.

Taxpayers whose turnover is below Rs. 1.5 crores are not required to mention HSN Code in their invoices.

Services will be classified as per the Services Accounting Code (SAC).

  1. Use as description of items in invoices in the online return of GST network:

In fact description of goods sole will not be added on invoice and uploaded in the returns. Only HSN code in respect of supply of goods and Accounting code in respect of supply of services will have to be fed.

The minimum number of digits that the filer will have to upload would depend on his turnover in the last year.

  1. Use as UID of each transaction of each line item:

GSTN will not generate any new identification. The combination of Supplier’s GSTIN, Invoice no and Financial year with HSN/SAC Code will make each line unique.

Few points to be consider while classifying article in HSN code list:

Rule 1: Classification shall always be done based on the reference given in heading. The section, chapter name or sub chapter names are always irrelevant.

Rule 2: If term of heading is not conclusive, classification shall be done on the basis of section note and chapter notes.

Rule 3: An article shall include that article in un-complete, un-finished form. Similarly, A material or substance shall also include a mixture or a combination of that material.

Rule 4: Specific description shall always prevail over general heading.

Rules 5: Packing material shall be classified with the article / material for which they are made.

Invoicing Procedure Under GST

 Invoicing Procedure Under GST  Invoicing Procedure Under GST
Jan 112017
 

Invoicing Procedure Under GST

With the preparation to migrate existing taxpayers under GST regime is going on, the next step which is really worth for business man to know is how and when to issue a tax invoice. Here, is an attempt made to explain the provision related to tax invoice.

Provisions related to tax invoice is provided in sec 23 of original GST model and sec 28 of revised model. Here we are examining the provisions given in revised GST model.

Name of document who will issue when to issue Power with central government / state government and others remarks
Tax Invoice (in case supply is made in goods) Registered taxable person supplying taxable goods Before or at the time of remove of goods / delivery of goods Specify the categories of goods and/or supplies in respect of which the tax invoice shall be issued within such time as may be prescribed in the notification.
Tax Invoice (in case supply of services) Registered taxable person supplying taxable services Before or after the provision of service but within a period prescribed in this behalf (i.e. 30 days) Specify the categories of services in respect of which any other document may issued.
Revised invoice A registered taxable person (whether supplying goods or services) Within one month from the date of issuance of certificate of registration Revised invoice shall be issued against the invoice already issued during the period starting from the effective date of registration till the date of issuance certificate of registration.“tax invoice” shall be deemed to include a document issued by an Input Service Distributor, and shall also include any revised invoice. Hence, rules related to Tax invoice are also applicable to “Prescribed documents” and “Revised Invoice”.
Bill of supply Registered taxable person Supplying exempted goods and/or services or paying tax under composition scheme May not issue bill of supply in case value of supply is less than Rs 100.
Receipt voucher or any other document Registered taxable person On receipt of advance payment with respect to any supply of goods or services
Invoice Registered taxable person liable to pay tax under reverse charge mechanism On the date of receipt of goods or services from a person who is not registered under the Act
Prescribed document Input Service Distributor At the time of distributing credit to each of the recipients “tax invoice” shall be deemed to include a document issued by an Input Service Distributor, and shall also include any revised invoice. Hence, rules related to Tax invoice are also applicable to “Prescribed documents” and “Revised Invoice”.
Credit note Where tax invoice has already been issued 1. Taxable value and/or tax charged in tax invoice is found to exceed2. Goods supplied are returned

3. Services supplied are in deficit

 No reduction in output tax liability of the supplier shall be permitted if the incidence of tax and interest on such supply has been passed on to any other person.
Debit note Where tax invoice has already been issued Taxable value and/or tax charged in tax invoice is found to be less ‘Debit Note’ shall include a supplementary invoice.
Supplementary invoice. Registered taxable person Contract is entered prior to appointed date and price of goods and / or services is revised upward or downward ‘Debit Note’ shall include a supplementary invoice.

Under GST regime normally a business shall issue a tax invoice, receipt voucher, revised invoice, credit note / debit note. Other documents shall be issued under only special businesses under special circumstances.

GST – Return submission and verification procedure

 GST – Return submission and verification procedure  GST
Dec 082016
 

GST – Return submission and verification procedure

 Everyone have lot of expectations from GST with is expected to subsist in the upcoming financial year 2017. There are expectation of transparent governance, ease of doing business and free movement of information under shadow of IT governance. Here an attempt is made to explain how technology is going to impact return filing, submission and verification of return:

Procedure for authentication of GSTR-1:

Under GST regime a common IT portal is enabled to process all returns electronically under IT enable environment and direct business to business communication of relevant information for cross verification. All required information is available to relevant taxpayer under pull mode. This is evident from below:

Sr. No. Activity Outward supplier Processing at GST common portal Inward supplier
Input Process Output
1 E-filing the details of outward supplies Sales of goods and/or services effected during a tax period (of a month) FORM GSTR-1 The details in GSTR – 1 will be filter by recipient wise and electronically disseminated to all recipient Part A of FORMGSTR-2A The taxpayer at receiving end may verify GSTR – 2A and add, correct or delete any of its retail
2 Verification of return by counter party i.e. by receiverAND 

E – filing Inward Supplies/Purchases Received

 Inward supplier may accept, add or correct details in GSTR – 2A and furnished for GSTR -2 FORM GSTR-2 that is filed by inward supplier The supplies added, deleted or corrected are made available outward supplier FORM GSTR-1A
3 Verification of return by outward supplier supplier may either accept or reject the modifications FORM GSTR-1A Supplies to the extent accepted will be modified in GSTR-1 Modified FORM GSTR-1

Filing GSTR – 2:

The following points shall be noted while preparing GSTR -2:

  1. GSTR -2 shall be prepared on the basis of information contained in Part A of GSTR – 2A.
  2. The taxpayer may accept or reject or correct the details contained in GSTR -2A. The details the extent accepted by taxpayer will be auto populated in GSTR -2.
  3. If taxpayer wants to add more details, it can be added in non auto populated fields of GSTR -2.

Further, taxpayer has to furnish the following other information in GSTR -2:

(This information is required to calculate tax payable in GSTR -3)

  1. Inward supplies in respect of which he is not eligible, either fully or partially, for input tax credit
  2. Declare the quantum of ineligible input tax credit on inward supplies which is relatable to non-taxable supplies or for purposes other than business and cannot be determined at the invoice level
  3. Details of invoices furnished by an Input Service distributor (auto populated from GSTR – 6)
  4. TDS u/s 37 (auto populated from GSTR – 7)
  5. TCS u/s 43C (auto populated GSTR -8)

Filing and Processing of GSTR -3 (Monthly return):

After cross verification and purchases and sales for the month, its time ascertain tax liability and payment of tax. For computation of tax liability following details are required with are already given in GSTR -1 / GSTR -2 will be auto populated there from:

Sr. No. Detail Auto populated from
6 Outward Supplies Inter-state supplies to Registered Taxable PersonsIntra-State Supplies to Registered Taxable PersonsInter-State Supplies to Consumers

Intra-State Supplies to Consumers

Exports (including deemed exports)

Revision of supply invoices/Credit notes/Debit notes and others

 

 GSTR – 1
6.7 Total tax liability on outward supplies Calculated from above table
7 Inward supplies Inter-State supplies received Intra-State supplies receivedImports

Revision of purchase invoices/Credit note/Debit note and other details

Total Tax liability on inward supplies on reverse charge

ITC Reversal

Output tax added/reduced on account of non-rectification/rectification of communicated mismatches

 GSTR -2
8 Total Tax liability for the month Calculated from above table
9 Tax Paid Details TDS credit received during the monthTCS credit received during the month GSTR – 2
The below information will now be added by taxpayer to calculate tax payable:
10 ITC received during the month
11 Tax, interest, late fee and penalty paid
12 Refunds claimed from cash ledger
12 Bank details for payment of tax due

 

SMOOTH TRANSITION TO GST

 SMOOTH TRANSITION TO GST  GST
Dec 052016
 

SMOOTH TRANSITION TO GST

 What is migration?

Under GST regime various central level taxes and state level taxes are summoned into one tax. Hence, for the smooth transition it is essential to migrate all existing assesses under various acts under GST regime.

Now, as same assesses may have registration under different acts with different information in different states. However, under GST model one assessee will be provided with one registration. So following issues will arise in this process:

  1. Data validation issue: Different information about contact no, address, authorize person about same assessee is available under state vat acts, entertainment tax, luxury tax, service tax, excise etc. There information needs to be validated before complete transition to GST.
  2. Data duplicate issue: Any duplicate data available with government needs to be removed.
  3. Data redundancy issue: Any irrelevant data with the department, which is of no use in modern GST regime, shall be removed.

So under para 142 of modern GST draft act provisions as to migration of exiting taxpayers are made as below:

(1) On the appointed day, every person registered under any of the earlier laws shall be issued a certificate of registration on a provisional basis in such form and manner as may be prescribed.

(2) The certificate of registration issued under sub-section (1) shall be valid for a period of six months from the date of its issue:

Provided that the said validity period may be extended for such further period as the Central/State Government may, on the recommendation of the Council, notify.

(3) Every person to whom a certificate of registration has been issued under subsection (1) shall, within the period specified under sub-section (2), furnish such information as may be prescribed.

(4) On furnishing of such information, the certificate of registration issued under sub section (1) shall, subject to the provisions of section 19, be granted on a final basis by the Central/State Government.

(5) The certificate of registration issued to a person under sub-section (1) may be cancelled if such person fails to furnish, within the time specified under sub-section (2), the information prescribed under sub-section (3).

(6) The certificate of registration issued to a person under sub-section (1) shall be deemed to have not been issued if the said registration is cancelled in pursuance of an application filed by such person that he was not liable to registration under section 19

So, in essence all existing tax payers will be issued a provisional registration certificates based on the data available with the department. The data will be validated by tax payer and relevant documents will be furnished. Final registration will be issued once the data gets validated. The above process is complete technology driven and minimal human interface. The main points of this process are as below:

  1. Existing registrants either with States or with Centre to be migrated to GSTIN – Process already initiated and state wise target dates are provided in the table below.
    1. VAT registration data to be used for migration of dealers in goods
    2. Service Tax registration data to be used for migration of service providers
  2. Registration is mandatory in case turnover is more than Rs 20 lacs
  3. Validation of existing registration information by GSTN (Goods and Service Tax Network)
  4. Verification / updating of migrated data by existing registrants within a specified period
  5. Issuance of GSTIN by GSTN
  6. Verification by Centre/State Authorities after issuance of GSTIN

The process of registration is already started and state wise start and end target dates are also given to all states and the same are enumerated below:

States Start Date End Date
Puducherry, Sikkim 08/11/2016 23/11/2016
Maharashtra, Goa, Daman and Diu, Dadra and Nagar Haveli, Chhattisgarh 14/11/2016 30/11/2016
Gujarat 15/11/2016 30/11/2016
Odisha, Jharkhand, Bihar, West Bengal, Madhya Pradesh, Assam, Tripura, Meghalaya, Nagaland, Arunachal Pradesh, Manipur, Mizoram 30/11/2016 15/12/2016
Uttar Pradesh, Jammu and Kashmir, Delhi, Chandigarh, Haryana, Punjab, Uttarakhand, Himachal Pradesh, Rajasthan 16/12/2016 31/12/2016
Kerala, Tamil Nadu, Karnataka, Telangana, Andhra Pradesh 01/01/2017 15/01/2017
Enrolment of Taxpayers who are registered under Central Excise Act/ Service Tax Act but not registered under State VAT 01/01/2017 31/01/2017
Delta All Registrants (All Groups) 01/02/2017 20/03/2017

For pre-preparedness following steps shall be taken by all existing assessee:

  • All existing tax payers shall ensure that they have updated their email ids and password in vat / service tax registrations. Your provisional ID and password will be sent on mail ids and mobile nos available with department. Password and Email IDs of tax professionals will not work.
  • Bank account no and IFSC code.
  • Keep ready with following documents to upload on GST portal:
    1. Proof of constitution – partnership deed / other registration certificate depending on the type of constitution of business.
    2. Photograph of promoters/partners/Karta of HUF
    3. Proof of appointment of authorize signatory
    4. Photograph of authorize signatory
    5. Opening page of passbook / bank statement

Stages of registration:

Stage Name Remarks
1 Provisional Initial status of the Provisional ID that is communicated by department before appointed date
2 Provisional pending signature Once GST enrollment form is filled with all relevant fields and document and form is saved.
3 Migrated After signing and submitting the form status will change to migrated. You can not change the application once it is submitted.
4 Active Auto change to active status on appointed date.
5 Suspended After six month from the appointed date, all provisional IDs that are not electronically sign will be suspended.

 

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