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Registration in GST

CA Akash Phophalia
Proposed GST Registration: PAN-Based System with State Codes, Digital Signatures, and Immediate Online Processing The proposed Goods and Services Tax (GST) registration system suggests a PAN-based registration number incorporating state codes and activity indicators. GST, being destination-based, allows easy revenue allocation between states. The process involves an online application linked to existing registrations, requiring an authorized person's digital signature. Uniform documentation is mandated across India, with a proposed registration fee. Upon online application acceptance, registration numbers are issued immediately without hard copy submission. Existing registrations may continue for assessments, appeals, audits, and returns, with a transition period for completion. This information is for reference and not professional advice. (AI Summary)

REGISTRATION IN GST (Proposed)

  • Registration No can be PAN based followed by alphabets, numerals etc. (Eg. 10 digit PAN, 2 digit State code, 1 alphabet indicating nature of activities of an assessee and numerals indicating number of state registrations)
  • GST is a destination based tax and as a result of State code, revenue can be allocated between states easily.
  • There will be online Application form and it may provide link with the existing registrations.
  • Original/digital signature of authorised person.
  • Uniformity in documents throughout India.
  • Government is proposing to charge a fee for registration under GST.
  • Registration Number will be provided immediately to assessee on acceptance of online application form without any requirement of submission of hard copy as online application will most likely to be authenticated by assessee by his DSC.
  • In existing regime, there is possibility of having numerous registration linked with the same PAN. Under GST, the certificate of registration will display all the business names registered with the same PAN.
  • The existing registrations may be continued for the following purposes:
  • Completion of the assessment/appeals/audit.
  • Filing of the periodic returns etc.
  • A reasonable time may be provided for completion of above requirements.

This is just for your reference. It does not constitute our professional advice or recommendation.

CA Akash Phophalia

9799569294

[email protected]

Goods and Services Tax - GST
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