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NEW DELHI: Don’t panic if you miss the second deadline to get enrolled with the Goods and Services Tax Network, the IT backbone for GST, on Thursday. You will get another chance as the portal will open a third window for enrolling on June 25, five days before the rollout of the new tax. “We realise that when we are implementing a change of this magnitude, taxpayers must be given sufficient time and opportunity to smoothly join the new online platform that will usher in a unified tax structure,” ” Navin Kumar, chairman of GST Network (GSTN), said on Wednesday.

More than three-fourths of the total 80 lakh existing taxpayers under value added tax, service tax and central excise — which are being subsumed under GST — have already successfully enrolled on to the new digital platform in two rounds of enrolment, the company said.

The first round of enrolment was open from November 8 till April 30. The second round had opened on June 1.

Over 60 lakh taxpayers had enrolled in the first round while more than four lakh have enrolled in the second round till the second last day.

“Those who might still be left due to any circumstances or technical inability need not panic with the closing of this window as we will open another round of enrolments from June 25,” said Kumar.

The enrolment process takes not more than 15-20 minutes, GSTN has said.

The goods & services tax has been referred to as the most significant tax reform in India that will usher in a common national market by doing away with a complex web of local and central taxes and incorporating them into a single levy. The government has already made it clear that GST is very much on track and its proposed July 1 rollout would not be deferred. As the technology provider of the regime, GSTN said it’s working overtime to ensure there are no hiccups in the  the commencing of the ambitious indirect tax regime.

GSTN has set up a robust portal equipped to handle 3.2 billion transactions every month. All taxpayers, who have valid a PAN and are currently registered under any state or central taxes that will be subsumed in GST, are being migrated to GST under this process of enrolment, which essentially implies validating the data of existing taxpayers and filling up the remaining key fields at the GST Common Portal, which will serve as a one-stop shop for all taxpayers.

The GST Common Portal will enable taxpayers to meet the GST compliance requirement like filing returns and making tax payments.

source:-http://economictimes.indiatimes.com/small-biz/policy-trends/gst-registration-for-businesses-to-reopen-on-june-25/printarticle/59143894.cms
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