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Govt. is going to implement “Goods and Service Tax” the biggest taxation reform in indirect tax segment from the coming New Year 2017. With great reforms, comes with great challenges. The whole tax filing process would be digitized under Goods and Service Tax Network (GSTN). So here are few of the important FAQ’s regarding procedure to enroll for GST registration by existing tax payers.

1. Who all are liable to enroll?

Existing taxpayers are liable to enroll under GST system portal. An existing taxpayer is an entity registered with any of the authorities;

• Central Excise
• Service Tax
• State sales tax/VAT (except exclusive liquor dealers)
• Entry tax
• Luxury Tax
• Entertainment tax

Further enrollment here means validating the data of existing taxpayers and filing up the remaining key fields.

2. How to enroll under GST System Portal?

Point 1 – Paperless procedure: The whole system of enrollment will be paperless; hence, no hard copies shall be entertained by the department. Further, all the aforesaid registered taxpayers will need to visit the GST system portal.

Further, it is mandatory for every person to register if the annual turnover is more than Rs 20 lakh, the exemption limit.

Point 2 – Provisional ID and password: Before visiting the GST system portal, you must have the provisional ID and password given to you by your concerned state authorities.

In Goa, all the registered taxpayers will have to visit the government office between November 9 and November 11, 2016, to collect sealed envelope containing the provisional ID and password.

The provisional ID format is here as under:

Hence, contact your ward officer to complete the online pre-registration under GST.

Point 3 – Documents and information required: To complete the registration procedure, you must have the following information:

• Provisional ID as explained in point 2.
• Password as explained in point 2.
• Valid email address (it should not be off professional – Use your own email ID)
• Valid mobile number
• Bank account number
• IFSC code

Further, also carry the following documents which needs to be uploaded on the website:

• Proof of constitution of business:
• In case of partnership deed – partnership deed (PDF or JPEG in maximum file size of 1 MB).
• In case of others: registration certification of the business entity (PDF and JPEG format in maximum file size of 1 MB).
• Photograph of promoters/partners/Karta of HUF (JPEG format in maximum file size of 100 KB).
• Proof of appointment of authorized signatory (PDF and JPEG format in maximum size of 1 MB).
• Photograph of authorized signatory (JPEG format in maximum file size of 100 KB).
• Opening page of passbook/statement containing the following information:
• Bank account number
• Address of branch
• Address of account holder
• Few transaction details

(PDF and JPEG format in maximum file size of 1 MB).

Point 4 – Fill information and submit: After you submit the form with all the information and documents, an acknowledgement number will be generated. Save that number for future correspondences.

Here are some points which may help you during enrollment process:

3. What to do in case I have not received the ID and password?

In case you have not received the provisional ID and password, kindly contact your concerned authorities.

4. Who can be primary authorized signatory?

A primary authorized signatory is the person who is primarily responsible to perform action on the GST System Portal on behalf of the taxpayer. All communication from the GST System Portal relating to taxpayer will be sent to him.

For example, in case of proprietor, the proprietor himself or any person authorized by him; in case of partnership, any of the partner authorized or any person authorized; in case of Company/LLP, Society, Trust, the person who is authorized by Board or Governing Body, etc., can act as primary authorized signatory. A copy of authorization needs to be uploaded.

5. Which details are prefilled in the enrolment application for enrolling with GST?

Following details are auto-populated in the enrolment application based on your existing data:

• PAN of the business
• Legal name of the business
• State
• Reason of liability to obtain registration
• Email and mobile number

6. Can I make changes in in my legal name, state name and PAN in the enrolment application?

You cannot make changes to legal name, state name and PAN as appearing in the enrolment application. These details have been migrated from existing tax systems of State or Center, as the case may be.

Conclusion

Hence, lay down your strategy in advance and go and win the world.