Goods and Services Tax – GST – Dated:- 15-7-2017 – New Delhi, Jul 15 (PTI) The government today asked traders to get registered under the Goods and Services Tax (GST) regime by July 30. However, traders with turnover of below ₹ 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. 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 c
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eed 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 ₹ 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 https://www.gst.gov.in/ and get registered for GST. Taking registration in GS
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