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SEPTEMBER - 2019
GST: Aadhaar Verification Mandatory for New Dealers from January 2020
Earlier, Aadhaar authentication was
optional. But over the past two years the
Finance Ministry was faced with
increasing instances of fly-by-night
operators trying to game the system to
their advantage by raising fake invoices.
Cautioning the new crop of start-ups or
emerging entrepreneurs in Peenya and
surrounding industrial areas to abide by
If you are a new dealer, you are the stipulation of mandatory Aadhaar
forewarned. The GST Council has made authentication, Sri Srinivas Asranna,
Aadhaar authentication or physical President, PIA added that for those who
verification mandatory for all new dealers didn't prefer Aadhaar authentication,
from January 2020.
physical verification will be carried out by
the concerned authorities, which will be
Apparently, this has been done by the completed in about three days.
GSTN to check malpractices in GST.
GST Online Refund Process to be more easy and
taxpayer-friendly for MSMEs
The new system has done away with this and
after processing is completed by the tax officer,
the sanctioned amount will get credited to the
bank account of the taxpayer through PFMS
System, it added.
Welcoming the initiative, Sri Srinivas Asranna,
President, PIA expressed the hope that the new
refund process will create a seamless
The payment of delayed and outstanding GST
refunds will henceforth be more easier and experience for both taxpayers and tax officers,
taxpayer-friendly. and from the point of view of small
entrepreneurs in Peenya in particular, he
The Goods and Service Tax Network (GSTN) remarked that the speedy disbursement of
has unveiled an online refund process under refunds and easier GST compliance will
which taxpayers can now file refund relieve them of one big headache which they
application (in RFD 01 form) easily and tax had been coping with for a long time.
officers can process the same online, GST
Network said in a statement. Taxpayers can also view the various stages of
processing of their refund application on the
All communications between taxpayers and GST Portal and can give replies to notice, if
tax officers will also be online. The online any, online on the GST Portal now.
refund process has become effective on the
GST portal from Sep 25. Current GST Refunds for MSMEs to be paid
within 30 days
Earlier, single tax authority was responsible
for refund processing for both Central and Hon'ble Union Finance Minister, Smt. Nirmala
State GST but disbursement was done by Sitharaman has also earlier announced that
accounting authorities of Central and State tax all the pending GST refunds that are due to
departments separately, causing delay on MSMEs till now will be executed within the
account of sharing of sanction order with period of 30 days from the date of such
counterparty accounting authority through announcement, and in future, all GST refunds
that tax authority, it said. shall be paid back to the industry within 60
days from the date of application.
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