Less than five days left for the rollout of new tax regime, Goods and Service Tax (GST) and the government is aiming at its smooth rollout. 

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GST Network, the company which is providing information technology systems for GST, has once again opened registration for assessees on Sunday. 

According to the official updates given on www.gst.gov.in, if you are existing Taxpayer under VAT, Service Tax and Central Excise, you can enroll yourself at the GST Portal. Enrolment window will remain open till next three months.

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However, on the first day i.e on Sunday, many traders across the country faced "technical" problems while getting registered on GST portal. 

Cautioning the traders, Navin Kumar, GSTN Chairman said that do not wait for the end moment for registration. He also said that on the last day, the website may face technical errors due to high traffic. 

Every business carrying out a taxable supply of goods or services under GST regime and whose turnover exceeds the threshold limit of Rs. 20 lakh/ 10 Lakh as applicable will be required to register as a normal taxable person. This process is of registration is referred as GST registration.

Reportedly, during the first phase of registration, six million traders came in and then 6,00,000 more came in for the second phase. There was a shortfall of 1.4 million traders as in the existing system there were 8.01 million registrations. 

ALSO READ: Traders can e-verify GST registration application via OTP

While the PAN shall be validated by the CBDT, the mobile will be verified through a one-time password (OTP) sent to the mobile number; e-mail address shall be verified through a separate OTP sent to the said mail address.

On successful verification, a temporary reference number will be generated and communicated to the applicant on the said mobile number and e-mail address.

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The GST Registration rules provide that along with the reference number, the applicant will have to electronically submit an application, duly signed or verified through EVC. On receipt of an application, an acknowledgement shall be issued electronically to the applicant.

The GST Council, according to the official, has given given leeway to businesses to opt for OTP for e-verification of the registration application.