Govt asks businesses to register under GST by July 30

Agencies
July 15, 2017

New Delhi, Jul 15: The government on Saturday asked traders to get registered under the Goods and Services Tax (GST) regime by July 30. However, traders with turnover of below Rs 20 lakh or those engaged exclusively in the supply of exempted goods or services need not register under the new tax regime which has kicked in from July 1. “As per the GST laws, one is required to take registration on or before July 30, 2017. All traders are requested to register now without waiting for the last date,” a finance ministry statement said.

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Listing the benefits of getting registered under GST, the ministry said that input tax credit can be passed on in the value chain and due taxes collected will come to the exchequer. “Therefore, traders are requested to register under GST immediately without wasting any more time,” it said.

Businesses with turnover of up to Rs 20 lakh (Rs 10 lakh in special category states) are exempt from GST. “If one is carrying out any business and has an annual aggregate turnover in the preceding financial year exceeding Rs 20 lakh, you need to register in all the states/Union Territories from where you are making taxable supplies,” it said.

Excise, VAT or service tax payers who have already migrated to the GSTN portal and have been issued provisional IDs need to complete the registration process by September 22, 2017, by giving all the documents following which GSTIN will be issued. Those taxpayers who need not register under the GST regime can cancel their registration by July 22. Those who have not migrated but are liable for registration will have to do so by July 22, it added.

For new taxpayers who are not registered under any of the erstwhile tax regimes, they will have to get themselves registered by July 30. If anytime during the course of the financial year a business crosses the Rs 20 lakh turnover threshold, then it will have to apply for registration within 30 days from becoming liable for registration.

The finance ministry said if a business has a valid PAN, email ID and a mobile number, then it can file an online application on the common portal http://www.gst.gov.in/ and get registered for GST. “Taking registration in GST is a very simple process, and the comfort of the taxpayer has been kept in mind while designing the procedure,” the statement said.

The ministry said that getting registered under GST is for one’s own benefit and if one is liable to take registration but does not get registered, one will not be able to enjoy the benefit of input tax credit. Any registered person purchasing from him/her may not be able to get the input tax credit. Besides, not obtaining registration, though liable to do so, would also attract penalty, it added.

“Getting registered would lead to growth in one’s business. Prospective buyers, who are registered under GST, will prefer to buy from suppliers who are also registered under GST, as this would entitle them to the input tax credit,” the ministry said. Getting registered would mean that one is contributing his bit towards nation building by ensuring that appropriate taxes are collected and paid to the government, it added.

Earlier in the week, Prime Minister Narendra Modi had asked all chief secretaries to work expeditiously towards ensuring that all traders register under the GST regime. He conveyed this while chairing a meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a multi-modal platform through which he interacts with top officials of state governments via tele-conferencing.

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News Network
March 17,2024

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Beltangady, Mar 17: A three-year-old boy was crushed to death under the wheels of an auto-rickshaw in front of his house at Panakaje Mundadi in Belthangady taluk of Dakshina Kannada. 

The gut-wrenching tragedy took place on Saturday, March 16 morning when the boy ran out of home to the road. 

The victim has been identified as Kaushik, the son of Chandrashekhar and Usha couple. Their home is situated adjacent to the main road at Panakaje.

It is learnt that the auto-rickshaw failed to notice the boy who suddenly darted towards the road and hit him. 

Even though the injured boy was rushed to a private hospital in Ujire and later to Mangaluru, he breathed his last. 

The Beltangady traffic police have registered a case in connection with the incident.

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News Network
March 27,2024

Bengaluru: The National Investigation Agency (NIA) on Wednesday launched simultaneous raids in multiple places, including Bengaluru and Shivamogga.

Reports suggested that the ongoing raids are in connection with the Improvised Explosive Device (IED) blast in Bengaluru’s Rameshwaram Cafe on March 1. The blast had injured at least ten people as per the police report.

The Central Crime Branch (CCB) had launched an investigation alongside the NIA, and the trail of the suspect led them to Tumakuru first and subsequently to Ballari. Investigators believe that the bomb was planted by Mussavir Hussain Shazib, a handler of the Islamic State’s Shivamogga module who was aided by another IS handler called Ahmed Taahaa.

Sources in the know said that Shazib and Taahaa had stayed in Chennai for about a month between January and February using fake credentials. The names of the suspects were identified after they traced the cap worn by Shazib to a shop in a mall in Chennai. The cap, which was abandoned by the bomber in Bengaluru after the blast, was reportedly bought by Taahaa, around January-end.

As per the NIA, Shazib hails from Masjid Road in Thirthahalli, Shivamogga district, and Taahaa from Fish Market Road, Soppu Gude, Thirthahalli Rural. Both "wanted" suspects have been termed "absconders" by the NIA.

The NIA has questioned seven jailed terror suspects so far in connection with the blast. The investigation agency had also obtained seven-day custody of a jailed terror suspect named Maaz Muneer Ahmed.

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News Network
March 26,2024

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Mangaluru: Officials from Cyber Economic and Narcotics Crime Police Station in Mangaluru have arrested a man for allegedly engaging in an online fraud by deceiving a person on the pretext of offering a part-time job. The arrested is Saddam Gauri alias Bavuri, 30, from Rajasthan.

City police commissioner Anupam Agrawal said the CEN police received a complaint regarding an online scam related to a part-time job offer.

Police registered a case under sections 66(C) and 66(D) of the IT Act, along with IPC Section 420. The complainant had received a link via WhatsApp from an unknown number, purportedly offering a part-time job opportunity.

Upon clicking the link, the complainant was instructed to complete certain tasks to earn money. However, during the process, the complainant incurred a loss of Rs 1.1 lakh.

Following an investigation into the matter, the CEN police successfully arrested the suspect and presented him before the court. In the course of arrest, police seized two mobile phones, eight debit cards, four bank cheque books, Aadhaar card, PAN card, and other relevant documents from the accused.

The arrest was made possible through the efforts of CEN station inspector Shyam Sundar and his team, under the guidance of City Crime Records Bureau (CCRB) ACP Ravish Nayak and DCP Siddharth Goyal.

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