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Business News » India News

GST Registration Process: Hassle-free! Now, just Aadhaar is sufficient

Want to register for GST? Now, you will only need Aadhaar! The 35th GST council meet today decided to ease the registration process for Goods and Services Tax (GST). 

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GST Registration Process: Hassle-free! Now, just Aadhaar is sufficient
Finance minister Nirmala Sitharaman chaired the GST council meeting for the first time.
Written By: ZeeBiz WebTeam
Updated: Fri, Jun 21, 2019
06:49 pm
New Delhi, ZeeBiz WebDesk
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Want to register for GST? Now, you will only need Aadhaar! The 35th GST council meet today decided to ease the registration process for Goods and Services Tax (GST). Revenue Secretary Ajay Bhushan Pandey told reporters that now Aadhaar will be used instead of various documents used earlier. "One of the major changes that we've made is for the ease of GST registration. In the earlier system, people had to give various documents. Now we have decided to use Aadhaar. By using Aadhaar several advantages will occur to the business," Pandey said. 

"The person who is applying can go online, using his Aadhaar number through OTP authentication he can register himself on the GSTN portal & get GSTN registration number," Pandey added.  

The revenue Secretary also said that dealers with turnover up to Rs 5 Crore will be now filing quarterly and those above Rs 5 crore will be filing monthly returns. Composition scheme for service providers, a decision which was taken in GST Council a few months back and done through a notification will be made a part of the law, he said.

Finance minister Nirmala Sitharaman chaired the GST council meeting for the first time. She said that Friday's GST Council meeting was the first after the new government has been formed. Sitharaman said, "We had all states, represented by ministers, except Karnataka, Mizoram & Telangana. I had spoken to all the 3 Chief Ministers last evening."

"They very clearly said because of their predetermined commitments...for instance in Mizoram budget session of the Assembly is going on, Karnataka - because of the drought situation the CM had to go to drought-affected northern districts of the state," the Finance Minister added. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Goods and Services tax
RELATED NEWS
ALERT! Last date to deposit due tax liability today for these GST taxpayers; E-invoice mandatory for those with this much turnover from April 1 ALERT! Last date to deposit due tax liability today for these GST taxpayers; E-invoice mandatory for those with this much turnover from April 1
Income Tax Returns 2020-21: ALERT! File your ITR before THIS date to avoid penalty; check Finance Ministry clarification on GST due Income Tax Returns 2020-21: ALERT! File your ITR before THIS date to avoid penalty; check Finance Ministry clarification on GST due
GST: Know why bank account validation fails and what to do when this happens GST: Know why bank account validation fails and what to do when this happens
GST Refund: This is how you can track your application without logging in to GST Portal - Explained GST Refund: This is how you can track your application without logging in to GST Portal - Explained
#GSTMakeItEasy: Zee Business Continues to raise GST related problems faced by businesses; Tweet and tell your issues now! #GSTMakeItEasy: Zee Business Continues to raise GST related problems faced by businesses; Tweet and tell your issues now!

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