1 week ago

Centre, States Plan Uniform GST Documents to Speed Approvals

Centre, States Plan Uniform GST Documents to Speed Approvals
GST registration overhaul targets delays for larger businesses · thehansindia.com

The government wants businesses to use the same documents when applying for GST registration.

This mainly affects businesses passing on more than ₹2.5 lakh in tax credit each month.

Central and state tax offices currently do not always ask for the same information.

Officials say this can confuse businesses and slow down approvals.

They are working on one common set of instructions and documents.

The GST Council must approve the plan before it can be adopted.

Officials also want to make registration cancellations more automatic and explain the cancellation rules more clearly.

About 65% of registrations already use a simpler process for small and low-risk businesses.

The other 35% mainly come from somewhat larger businesses.

Key facts

Target businesses
Businesses passing on more than ₹2.5 lakh in tax credit per month.
Total GST registrations
About 1.68 crore businesses are registered under GST.
Simplified-route share
About 65% of GST registrations are processed through the simplified route.
Remaining applications
About 35% of new applications mainly involve somewhat larger businesses passing on more than ₹2.5 lakh in monthly credit.
Approval authority
The proposed uniform circular or procedure must be approved by the GST Council.
Simplified-route eligibility
Small and low-risk applicants identified through data analysis, or applicants self-assessing monthly output tax liability of up to ₹2.5 lakh, may opt for the scheme.
Additional reforms
Officials are discussing automated GST registration cancellation, clearer cancellation grounds and improved filing guidance on the GST Network system.

Quotes

Sanjay Mangal

CBIC member responsible for GST matters

“We are trying to come up with some sort of a uniform circular, which will be approved by the Council. That will provide uniform guidelines, not only for the officers, but also for taxpayers... We are talking to the states... for coming up with a uniform SOP or uniform document and information which will be there in the (registration) form,”
deccanchronicle.com thehansindia.com thehindubusinessline.com
“Tax officers are also discussing automation in the process of cancellation of GST registration and streamlining the grounds on which a GST officer can cancel registration of a business.”
deccanchronicle.com

Sources

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