The GST Council on Friday approved the use of Aadhaar Card registration under which a person can register himself on the GSTN portal by applying online just using his Aadhar Card number doing away with the requirements of various other documents. Further, the GST Council has extended the date of annual return upto 30 August.
“In the earlier system, people have to give various documents and submit them in physical and scan form. No, we have decided the use Aadhaar and several advantages will occur to businesses. The person applying can go online and using his Aadhaar number and OTP authentication can register himself in the GSTN portal and get GSTN registration number,” said Revenue Secretary, Ajay Bhushan Pandey, told a briefing after the Council meeting on Friday.
He said that GST Council has approved several changes made during the last few months, that includes increasing the GST registration limit threshold, Composition scheme for service provider among others. “The last date for filing the annual return was 30 June however, we have received several representations from trade and business, and thus extended the date by two more months up to 30 Aug 2109,” said Pandey.
“GST registration limit threshold is increased from Rs 20 Lakh to 40 Lakh. Earlier it was done through a notification and now appropriate changes have been made in the law,” he said. “Dealers with turnover upto Rs 5 Crore will be 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,” said Pandey.
He said that GST Council has approved several changes made during the last few months, that includes increasing the GST registration limit threshold, Composition scheme for service provider among others. “The last date for filing the annual return was 30 June however, we have received several representations from trade and business, and thus extended the date by two more months up to 30 Aug 2109,” said Pandey.
“GST registration limit threshold is increased from Rs 20 Lakh to 40 Lakh. Earlier it was done through a notification and now appropriate changes have been made in the law,” he said. “Dealers with turnover upto Rs 5 Crore will be 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,” said Pandey.