Maharashtra, Gujarat and Uttar Pradesh have emerged as the states from where maximum number of applications for fresh registration under the recently-launched Goods and Services Tax (GST) has been received.
The GST Network (GSTN), which that supports the entire IT mechanism for the new tax structure, has so far received about 10 lakh applications for new registrations. Out of these, 1,32,448 applications have poured in from Maharashtra while about 90,000 came from Gujarat and over 87,000 from Uttar Pradesh.
Kumar said that of the existing 80 lakh taxpayers, who have been paying service tax, central excise or value added tax, about 71 lakh have migrated to GST. While the window to migrate from the existing structure to the unified tax regime will be open till July end, Kumar said several may not migrate to the new tax structure as businesses with turnover of up to Rs 20 lakh were exempted from GST.
Government sources said that the GST Council is set to tweak tax rates of a few items, besides bringing in procedural changes.
Kumar added that a 12 hour helpline—operating from 8am to 8pm-- has been set up to assist merchants in uploading their invoices and other data relevant for fresh registration under GST.
Source:-Hindustantimes
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The GST Network (GSTN), which that supports the entire IT mechanism for the new tax structure, has so far received about 10 lakh applications for new registrations. Out of these, 1,32,448 applications have poured in from Maharashtra while about 90,000 came from Gujarat and over 87,000 from Uttar Pradesh.
Kumar said that of the existing 80 lakh taxpayers, who have been paying service tax, central excise or value added tax, about 71 lakh have migrated to GST. While the window to migrate from the existing structure to the unified tax regime will be open till July end, Kumar said several may not migrate to the new tax structure as businesses with turnover of up to Rs 20 lakh were exempted from GST.
Government sources said that the GST Council is set to tweak tax rates of a few items, besides bringing in procedural changes.
Kumar added that a 12 hour helpline—operating from 8am to 8pm-- has been set up to assist merchants in uploading their invoices and other data relevant for fresh registration under GST.
Source:-Hindustantimes
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