Saturday, 12 August 2017

How to Migrate From Existing VAT/CST Number to GST Number


Apply at for Online GST Registration. It costs INR 50, 000

The Government has issued a detailed schedule for the smooth migration of existing tax payers into Goods and Services Tax (“GST”), who are presently registered under existing laws i.e. State Sales Tax/VAT, Central Excise, Service Tax etc. All the existing taxpayers are required to enroll themselves under GST, the enrolment under GST includes the validation of data of existing taxpayers and filling up the remaining key fields.

Goods and Services Tax (GST)-

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. GST Law has replaced many indirect tax laws that previously existed in India. Goods and Services Tax (GST) is an indirect tax reform which aims to remove tax barriers between states and create a single market. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. 

As per the draft rules of registration, which were put on public domain on September 26, 2016, the following provisions are provided for migration of existing taxpayers into GST
  • The person who is registered under the existing law and having the valid Permanent Account Number, shall be granted a provisional registration certificate in Form GST REG-21, incorporating the GST Identification number (GSTIN) therein;
  • After getting the provisional registration certificate, every person is required to submit the application in Form GST REG-20 within the prescribed time limit (i.e. six months or such extended time period) along with the information and documents specified in the said application;
  • After submission of correct and complete application, the final registration certificate shall be granted in Form GST REG-06, which shall be made available on the GST System portal;If the application is not filed properly, then the provisional registration certificate may be cancelled.
The following information and documents should be readily available before enrolling with the GST System Portal:


  • Provisional ID received from State/Central Authorities;
  • Password received from the State/Central Authorities;
  • Valid e-mail address and mobile number of authorized signatory;
  • Bank Account Number, which is used for the purpose of carrying out business transactions and Bank IFSC etc.


  • Proof of Constitution of Business, for example Partnership deed in case of partnership firm and in other cases, registration certificate of the business entity;
  • Photograph of Promoters/Partners/Karta of HUF;
  • Proof of appointment of authorized signatory and his/her photograph;
  • Opening page of bank passbook/ Statement containing Bank account number, address of branch, address of account holder and few transaction details etc.

GST rates

The GST Council, headed by Jaitley and of which all states Finance Ministers are members, has approved four main tax slabs -- 5 per cent, 12 per cent, 18 per cent and 28 per cent that aims to lower tax incidence on essential items and to keep the highest rate for luxury and demerits goods. The lowest rate of 5 per cent will be on items of mass consumption which are used particularly by common people. The second and third category of standard rates of 12 and 18 per cent will accommodate most of the goods and services. The fourth slab of 28 per cent is levied mainly on white goods such as refrigerators, washing machines etc.

Documents required for GST registration:

  • PAN card of the Company
  • Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.
  • Details and proof of place of business like rent agreement or electricity bill
  • Cancelled cheque of your bank account showing name of account holder, MICR code, IFSC code and bank branch details
  • Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of company.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States).

A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.

For any query please contact at

No comments:

Post a Comment