30-Jul-2017

Over 12 lakh businesses apply for new GST registration


Over 12 lakh businesses have applied for fresh registration under the Goods and Services Tax (GST) regime, Revenue Secretary Hasmukh Adhia has said. Of these, while 10 lakh applications for registration have been approved, 2 lakh are still pending approval. "The figure of new registrations approved in GST crosses 10 lakhs today. About 2 lakh applications pending in process,". Businesses have time till July 30 to register under the GST. Also during the course of the year, if a business becomes liable to register under GST, it needs to apply for registration within 30 days from becoming liable for it. When a business registers under GST, it is given a provisional GSTIN. After that, in the second stage, the business has to log in to the GSTN portal and furnish details of its business including the main place of business, additional place, directors and bank account details.

Continue reading All News →