New Delhi, Apr 27 The revenue department is stepping up its outreach programme, asking taxpayers to register with the GST Network by this month-end as only 34 per cent of the existing service tax assessees have so far migrated to the new payment portal.
There are a total of 80 lakh VAT, excise and service tax assessees.
While over 75 per cent of VAT and 73 per cent of the central excise assessees have switched to the GST Network (GSTN), the figure for service tax is a meagre 34 per cent of the existing assessees.
“We are fast approaching the last date for completion of migration i.E. April 30, 2017. I urge all zonal Chief Commissioners to take necessary steps to assist all existing taxpayers in their migration to the new regime,” CBEC Chairperson Vanaja N Sarna said in a letter to officers.
The zonal offices of the service tax department has started issuing advertisements in leading dailies, calling on the assessees to enrol and register with the GSTN immediately.
“Duty or tax credits under the existing laws cannot be carried forward in GST unless you enrol in the GST portal,” the department said, adding that provisional ID and password will be available for assessees on the ACES portal.
It also asked taxpayers not keen on migration to the GSTN to confirm so by logging into the portal.
“Your provisional ID and password would be cancelled and this may deny your credit migration to the GST regime,” the department said.
Out of the 80 lakh assessees, some may not require registration under GST as they are below the threshold of Rs 20 lakh for the levy.
At present, VAT and service tax assessees with turnover of Rs 10 lakh are required to get themselves registered with states and the Centre, respectively.
Hence, assessees with turnover of up to Rs 20 lakh need not register with the GSTN, and as per the estimate of the Central Board of Excise and Customs (CBEC), out of the 80 lakh excise, service tax and VAT assessees, 54 lakh have turnover below Rs 20 lakh.
However, if the dealers want to claim input tax credit, they will have to get themselves registered with the GSTN, the entity building the IT backbone for the goods and services tax.
The government plans to put into effect GST from July 1 and in the run-up to the new indirect tax regime, it has started migrating excise, service tax and VAT assessees to the new tax payment portal.
GST will subsume at least 10 levies, including excise, service tax, VAT and other local taxes.
Once the existing registered taxpayers log in to CBEC’s portal www.Aces.Gov.In, a facility will be offered securely to access the provisional login ID and password as given by the GSTN. Using the same, they can log on to the GST portal www.Gst.Gov.In to fill in requisite details and submit scanned documents.
ACES is short for Automation of Central Excise and Service Tax.
Kolkata, Apr 27 The government is encouraging business for online self-registration for GST instead of going through external agencies even after the deadline expires on April 30.
“Better register online for GST yourself instead of taking agencies’ or other companies’ help,” Service Tax-I Commissionerate North Division Ashutosh Sharma said during a GST migration camp organised by CII.
“Should you face any problem while registering, feel free to approach us for easier and faster solutions,” he said adding that businesses are advised to adhere to the extended deadline of April 30 for GST enrolment.
Complaints were raised about problems and confusion about registration by the participants who were mostly from MSME sector.
Source: Outlook India