Published on 9/08/2018 11:29:42 AM | Source: Dion Global Solutions Ltd.

Businesses should approach officers to migrate to GST: CBIC

Posted in Economy News| #Economy #GST #Business

The CBIC has said that it has asked taxpayers, who wish to migrate their excise and service tax registration to the GST, to approach their jurisdictional tax officers by August 31 along with their provisional ID. As per reports, registered taxpayers under the erstwhile indirect tax regime were allotted a 15-digit provisional ID before the introduction of the Goods and Services Tax (GST) on July 1, 2017.

These taxpayers were required to complete the registration formalities by filing up certain details of businesses for converting the provisional ID to GSTIN (GST Identification Number). As per reports, the GST Council, chaired by Union Finance Minister, had last month allowed businesses with provisional ID to migrate to the new GST regime.

Commenting on the issue, a Central Board of Indirect Taxes and Customs (CBIC) told the media, “These taxpayers will need to approach the jurisdictional nodal officer of the Central or state government on or before the August 31, 2018, along with provisional ID, registration number under the earlier law, reason for not migrating in the system, along with the contact details.”