UPDATE ON GST
Exemption from GST:
Any dealer with turnover less
than 20 Lakhs (North-eastern states)
Any dealer with turnover less
than 10 Lakhs (All other states)
GST Rates (4 Tier GST Structure):
·
5% :
On essential foods items and commonly used goods
·
12% :
Standard slab rate.
·
18% :
Goods that are not included in the above rates will be taxed at 18% slab rate
·
28% :
Levied on luxurious goods including car, washing machine, air conditioner etc.
No clarity on GST Rates
applicable for Jewellery till date.
GST enrolment time limits:
|
STATES
|
START
DATE
|
END
DATE
|
|
Pondicherry,
Sikkim
|
8-Nov-16
|
23-Nov-16
|
|
Gujrat, Maharashtra,
Goa, Daman and Diu, Dadra Nagar Haveli, Chhattisgarh
|
14-Nov-16
|
29-Nov-16
|
|
Odisha,
Jharkhand, Bihar, West Bengal, Madhya Pradesh, Assam, Tripura, Meghalaya,
Nagaland, Arunachal Pradesh, Manipur, Mizoram
|
30-Nov-16
|
15-Dec-16
|
|
Uttar
Pradesh, Jammu and Kashmir, Delhi, Chandigarh, Haryana, Punjab, Uttarakhand,
Himachal Pradesh, Rajasthan
|
16-Dec-16
|
31-Dec-16
|
|
Kerala,
Tamil Nadu, Karnataka, Telangana, Andhra Pradesh
|
1-Jan-17
|
15-Jan-17
|
|
Service
Tax Registrants
|
1-Jan-17
|
31-Jan-17
|
|
Delta
All Registrants (All Groups)
|
1-Feb-17
|
20-Mar-17
|
Procedure to get registered under GST:
All existing taxpayers registered
under Central Excise, Service Tax, State
Sales Tax or VAT (except exclusive liquor dealers if registered under VAT),
Entry Tax, Luxury Tax, Entertainment Tax (except levied by the local bodies)
will be transitioned to GST. There is no
deemed enrolment under GST. Currently Paper based enrolment option is NOT
available. The enrolment for GST will ensure smooth transition to the GST
regime. Enrolment under GST means validating the data of existing taxpayers and
filling up the remaining key fields by the taxpayer in the Enrolment
Application at the GST Common Portal.
|
Sl.
No
|
Steps
|
Detailed
|
|
Step.1
|
Provisional ID and password
|
State VAT department communicates
Provisional ID and password to taxpayers registered with VAT Department
|
|
Step.2
|
Username & Password
|
Access the GST Common
Portal(www.gst.gov.in), create your unique username and new password after
using provisional ID and password provided by the VAT department. Login to
the GST Common Portal with your new login details.
|
|
Step.3
|
Fill & Submit enrolment application
|
Fill the enrolment application, verify
the auto populated details from the VAT system and e-Sign and submit the
application with necessary attachments
|
|
Step.4
|
Provisional Registration Certificate
|
Application Reference Number (ARN)
shall be generated on submission of the Enrolment Application. Enrolment
Applications shall be considered for issue of Provisional Registration
Certificate
|
|
Step.5
|
Final Registration Certificate
|
The final Registration Certificate
will be issued within 6 months of verification of documents by authorized
Centre/ State officials of the concerned Jurisdiction (s) after the appointed
date.
|
