After a month of Goods and Services Tax (GST) rollout, 27 lakh businesses are yet to complete the registration process under the new indirect tax regime, GSTN portal said on Wednesday.
All taxable persons having turnover over Rs.20 lakhs is bound to obtain registration.
These persons have to complete the registration process and have to file their returns by 20th August 2017.
“Those who fail to submit enrolment form with completed Part-B before this date will not be allowed by the GST IT system to file this return,” GSTN chairman Navin Kumar said.
Out of over 71 lakh excise, VAT, service taxpayers who have migrated to the GST portal, only 44 lakh have so far completed the enrolment process by filling up Part-B of the form. As many as 27 lakh taxpayers have incomplete enrolments.
After activating the provisional ID, taxpayers have to fill up Part-B of the form giving details of businesses to complete the registration process. If a taxpayer does not submit entire details within three months of getting provisional ID, then the ID stands cancelled.
“Even though the law allows enrolled taxpayers time of 3 months to submit Part-B, they should not wait until the last moment to complete this formality. In fact they need to hurry, because they will be able to file their returns only after they have submitted the completed form,” GSTN said.
