Migrate to GST note to all Central Excise and Service Tax Registered Assessees:
Benefits to Economy:
To create a unified common national market
To give a boost to foreign investment and ‘Make in India’ initiative
Increased economic activity to generate more employment
Advantage for Trade & Industry:
- Reduction in compliance costs – multiple records not required to be maintained for a variety of taxes
- Greater use of IT will reduce human interface between taxpayer and administration
- Seamless transfer of input tax credit
Simplified Tax Structure:
- Single tax to replace multiple levies of Centre and States
- Uniformity of tax laws & procedures across the Nation
- Robust IT system for registration, returns, refunds Er tax payments
Simple steps for Migration into GST
- Log on to aces.gov.in portal by using your existing ACES user ID and password
- Obtain provisional ID (GSTIN) and password either by clicking on hyperlink displayed in the pop-up intermediary opening page or by navigation through Home page > Menu >REG > Provisional ID for GST
- Log on to gst.gov.in
- Create unique username and new password by using provisional ID and password received from ACES website
- Fill the Enrollment Application in Form 20
- Submit the Enrolment Form along with necessary documents
- Please refer to aces.gov.in or www.cbec.gov.in for further details
