• GST Enrollment

    By Madhusudan Jain on Jan 21, 2017, 12:00 AM

    Provisional registration to existing tax payers:-

    Every person who is registered under existing law will be granted registration on provisional basis. The enrolment has already started for State VAT from different dates all over India. The enrolment is nothing but a process to gather the information of existing tax payers in a one pool. The data collected shall be used to provide provisional certificate.


    Registration of existing tax payers under GST law

    On the appointed day (Expected to be 01-07-2017), every person who is registered under any of the earlier laws (e.g. Service tax, Excise, State VAT, Luxury tax, etc.) and having  a  valid  PAN  shall  be  granted a  registration  on  a  provisional basis and certificate of registration in FORM GST REG -21. Every person who has been granted the provisional registration shall submit an application electronically in FORM GST REG–20 duly signed along with documents specified in such form within 6 Months from the date of issue of provisional certificate. On the basis of documents furnished, the proper officer may issue the Final certificate of registration under Form GST REG-06. The same shall be available on the common portal.

    Cancellation of provisional certificate

    The tax payer shall be issued a provisional certificate. If he is not liable to be registered under GST, then he may file an application under Form GST REG 24 at the common portal that he is not liable to be registered under GST and the proper officer may, after conducting such enquiry, cancel the provisional certificate.

    Opt for Composition scheme

    A  person  to  whom  a  certificate  of  registration  has  been  issued  on  a  provisional basis and who is eligible to pay tax under section 9, may opt to do so while filing the application for final registration.

     

    Fresh Registration under GST law:

    Person liable to be registered under GST:

    A person having aggregate turnover of INR 20 Lakhs or more during the financial year shall be required to be registered under GST. This limit is reduced to INR 10 Lakhs for special category states. Registration application shall be filed within 30 days from the date such person becomes liable to be registered.


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  • Filing of ST -3 Half yearly return 2016-17- Need some correction

    By Madhusudan Jain on Oct 25, 2016, 12:00 AM
    Filing of ST -3 Half yearly return 2016-17- Need some correction

    While the assessee logs in the ACES site for filing the Service tax Return of the I half of 2016-17 i.e. for the 6 months ended 30.09.2016 and clicks the "RET”, in the ‘drop down’ menu the following options appear: "Fill ST – 3 (for Oct – Mar 2013)” and "Fill St – 3 (upto Oct – Mar 2012)” in addition to ‘Revise ST 3’ and ‘Complete ST 3’. There is no option for filing return for the period from April 2016 to September 2016 or any other period. However if any one of the "FILL” is clicked it goes to the current year return form ST 3.
    It may be due to non-updation of the menu after first introduction of the e-filing in 2012. It is to be updated so that assessees can start filing the return without any confusion. At times the options are clogged together and the assessees are not able to select the option.
     
    In the last page of the return the site insists the assessee who is filing his/her own return in individual capacity to select the option "I have been authorized as a person to file the return on behalf of the Service Provider/Service Receiver/Input Service Distributor as the case may be”. also in addition to other four options as to ‘maintenance of Books of Account’, ‘availing of CENVAT Credit’, ‘Payment of taxes within time or paid with interest’ and ‘filing of return within the prescribed time and if not paid the late filing fees’: In my opinion while the assessee himself files the Return, the above clause is to be modified suitably since he/she himself cannot authorize himself/herself

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