The Goods and Services Tax (GST) is a comprehensive tax levy on the manufacture, sale, and consumption of goods and services across India. This tax was introduced in July 2017 and replaced multiple indirect taxes such as excise duty, service tax, and value-added tax (VAT). The government of India has made it mandatory for businesses to migrate to the GST platform to ensure compliance with the new tax regime.
Businesses that were previously registered under the Maharashtra Value Added Tax (MVAT) system were given a provisional GST identification number (ID) and an access token to migrate to the GST platform. The deadline to complete the migration process was extended multiple times due to technical glitches and other issues. However, businesses that have not migrated to the GST platform yet must do so immediately to avoid penalties and legal action.
A provisional ID is a temporary GST identification number assigned to businesses that were previously registered under the MVAT system. This ID is generated by the GST Network (GSTN), which is the agency responsible for managing the GST portal. The provisional ID is based on the PAN (Permanent Account Number) of the business and is used to facilitate the migration process to the GST platform.
An access token is a unique code that is used to access the GST portal and complete the migration process. The access token is provided to businesses along with their provisional ID. Businesses must use their provisional ID and access token to log in to the GST portal and complete the migration process.
Businesses that have been assigned a provisional ID and an access token must complete the migration process by logging in to the GST portal and providing the required information. The following are the steps that businesses must follow to complete the migration process:
Once the registration is approved, businesses will receive a GST registration certificate, which is a proof of their registration under the GST system. Businesses must display their GST registration certificate prominently at their place of business.
Businesses that were previously registered under the MVAT system must migrate to the GST platform to ensure compliance with the new tax regime. The government of India has made it mandatory for businesses to migrate to the GST platform and failure to do so can result in penalties and legal action. Businesses must use their provisional ID and access token to complete the migration process by providing the required information on the GST portal.
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