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160,000 new businesses register on GSTN in four days

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As many as 160,000 businesses that were previously not registered for either valueadded tax (VAT), service tax or excise duty have enrolled for the goods and services tax (GST) in the past four days. As the GST Network (GSTN) portal reopened for the third time, registration for both new assessees and existing excise, service tax  and VAT payers on June 25, businesses rushed to get themselves registered ahead of the July 1 roll-out of the GST. “Since June 25, 160,000 applications for fresh registrations have come in. Of this, 53,000 applications have been completed with details of business,” said GSTN Chairman Navin Kumar. New businesses have 30 days for registering on the GSTN portal beginning June 25. In first two rounds of registration, 6.6 million, out of the existing indirect taxpayers of 8.1 million, had registered with the GSTN.

Business Standard New Delhi, 30th June 2017

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