NEW DELHI: Don’t panic if you miss the second deadline to get enrolled with the Goods and Services Tax Network, the IT backbone for GST, on Thursday. You will get another chance as the portal will open a third window for enrolling on June 25, five days before the rollout of the new tax. The government has already made it clear that GST is very much on track and its proposed July 1 rollout would not be deferred. As the technology provider of the regime, GSTN said it’s working overtime to ensure there are no hiccups in the commencing of the ambitious indirect tax regime.GSTN has set up a robust portal equipped to handle 3.2 billion transactions every month. All taxpayers, who have valid a PAN and are currently registered under any state or central taxes that will be subsumed in GST, are being migrated to GST under this process of enrolment, which essentially implies validating the data of existing taxpayers and filling up the remaining key fields at the GST Common Portal, which will serve as a one-stop shop for all taxpayers.The GST Common Portal will enable taxpayers to meet the GST compliance requirement like filing returns and making tax payments.

Source: Economic Times June 14, 2017 10:30 UTC