The revenue department has extended by a month until April-end the registration of dealers with GSTN, the IT backbone for the new set-up, as up to now solely sixty per cent of the prevailing assesses square measure finished the switchover.
Revenue Secretary reviewed the IT state of the products and Services Tax Network (GSTN) last week and progress in registration of eighty 100000 excises, service tax and VAT assesses with the portal.
"So far, seventy four per cent of the VAT assesses have migrated to the GSTN portal, whereas solely twenty eight per cent of the excise and repair tax assesses have listed for the new regime. We have a tendency to square measure attending to embolden currently and that i have asked the department to complete the registration method with company registration in Asian country. company registration in India.
Out of the eighty 100000 assesses, some might not need registration a brand new company in Asian country beneath the GST as they're below the edge of Rs twenty 100000 for GST levy Company registraton in Delhi The present, VAT and repair tax assesses with turnover of Rs ten 100000 square measure needed to induce themselves registered with states and therefore the centre severally.