Select Your Location
This article is all about the migration provisions under GST of taxpayers who were earlier registered under Central Excise and Service Tax. Here, we will elaborate on the preconditions for such migration as well as step by step guide to complete their GST registration.
Migration under GST is the process of issuing provisional GSTIN to existing taxpayers that are registered under the indirect laws like Central Excise and Service Tax. It is undertaken so as to help taxpayers to effortlessly shift to GST.
One of the most important points to be considered is that GST registration is based on the Permanent Account Number of the taxpayer. Every taxpayer registered under these old laws is provided with a provisional ID and password by the CBEC, which is to be used for migration to GST. However, this Provisional ID will only be issued to taxpayers who have PAN associated with their registrations.
Provisional Id will not be provided to any dealer or trader included in the following list:
All the migration provisions under GST for existing taxpayers from old laws to the new Goods and Service Tax law are provided under RULE 24 of the CGST Rules, 2017 under the head of Registration. These rules state that the migration process is divided into two stages:
The registration may be cancelled on the happening of following events:
It may be noted that if there is a taxpayer who is not liable to be registered under GST, and wishes to withdraw his Provisional registration, then he will be required to file an application for the same in FORM GST REG-29 electronically on the common portal.
If any taxpayer fails to migrate as per the Migration Provisions under GST, till the specified last date, then the only option they are left with is to go ahead with fresh online GST registration. In case you have any query with respect to GST related laws, contact Enterslice.
Read our article:
GST Practitioner – Enrollment and Responsibilities
Ashish M. Shaji has done his graduation in law (BA. LLB) from CCS University. He has keen interests in doing extensive research and writing on legal subjects especially on corporate law. He is a creative thinker and has a great interest in exploring legal subjects.
On 18th May 2023, the Securities Exchange Board of India (SEBI) released a Consultation Paper o...
Infrastructure and real estate have been regarded as India's "sunshine sector" since the turn o...
On 22nd May 2023, the Central Board of Direct Taxes (CBDT) issued a new circular under secti...
Anyone can have different sources of income. With globalization and the opening up of economies...
The Reserve Bank of India (RBI) is crucial in regulating NBFC, including branch openings and cl...
In India, Non-Banking Financial Companies are subject to certain restrictions from taking publi...
It's usually a good idea to diversify the assets in your financial portfolio, especially during...
A nation is being built by the non-banking finance company through the development of wealth, t...
A corporate entity known as a portfolio manager complies with a contract or agreement with the...
Identifying and analysing risks associated with individual portfolio investments, such as equit...
Are you human?: 2 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Originally when the Goods and Service Tax Act, 2016 was implemented, GST rates structure was finalized and publi...
18 May, 2017
With the advancement of technology, various states have leveraged the use of technology to make themselves business...
05 Jul, 2021
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!