In this article, we shall discuss the procedure to amend or update the details of the business as per the GST database.
Introduction
One of the most important qualities of a business is to be flexible and adaptable according to the changing market forces and consumer mindset. Every business undergoes changes in some form or another as it continues to thrive and grow. And this, of course, is the prerogative of the business to do so to optimize its profitability in the best interest of the stakeholders without seeking any approval from any external elements.
Sometimes, however, the changes made to the business need to be intimated to the regulatory or governing authorities as the changes that have been made are regarding details. The reason for the change can be due to business reasons or even some kind of clerical error while furnishing the details in question to the authorities. These changes have to be intimated to the authorities so that the database can be updated to reflect the correct information.
This process of effecting clerical changes used to be cumbersome and involved a lot of paperwork and formalities. But ever since the government has digitized its databases, it has become a lot easier to correct any errors in the information as per the database as the entire process can be done online. In this article we are specifically going to talk about how one can change the details of the business reflected in the GST database
Who Can Update The GST Registration Details For A Business?
An entrepreneur applicant or GST payer who finds the details as per the GST database incorrect or outdated can correct or update the details. Listed below are the different entities registered under GST that can file the change of revision of the registration application:
- A normal taxpayer
- GST consultant
- A non- local taxable person
- TDS or TCS Registration, Embassies and other, UN bodies
- Online information and file access or recovery service provider
- Changes a citizen can make in GST Registration details
When Can The Changes Be Made?
A taxpayer or a businessman can update or correct the GST Registration details when:
- During the application process
- The business is as of now enrolled under GST and notices a discrepancy.
Details That Can Be Rectified In GST Registration
The following are the changes a business or GST citizen can effect on the online portal-
- Business name ( any change made in one state will be displayed over all the states)
- Address of the main business place
- An additional location of a business, if any
- Addition, removal retirement or withdrawal of partners or manager, CEO, Managing committee, or anybody who is in charge of the everyday undertakings of the business.
- Mobile number or email address of the official signatory (by submitting the FORM- GST REG-14 and confirming online via the portal)
- Goods and Services Tax (GST) is the value-added tax levied on all goods and services that we use within the country. We offer a GST rate finder service that lists out the GST rates of all goods and services that are available in India. This service is also known as the HSN finder.
If there are some other changes other than the previously mentioned will be altered quickly on submitting FORM-GST-REG-14 on the portal. There is no requirement for authentication by a GST official will be necessary if there should arise an occurrence of any change in GST Registration subtleties.
Details Of Clarifications With Forms-
- After depositing the form, the GST official will confirm the form and pass in 15 working days in FORM GST REG-15. The change will produce the results from the date of the outcome of the result.
- If the official is unsatisfied or satisfied with the archives then the person in question can serve a show-cause notification in FORM GST REG-03
- The claimant must reply in FORM GST REG-04 in 7 days working days.
- If the official is not pleased then the official can dismiss the application and pass a request in FORM GST REG-05.
The Procedure Of Changing Or Revising The GST Registration Details
Let us look at the procedure step by step:
- Visit the GST website. Initially, the citizens need to visit the Goods and Service tax portal and apply for the changes in primary areas.
- Log in to gain access to the username and the password page
- Next, feed in the accurate identification details – username and password and the captcha in the requisite fields and hit the login button.
- After you logged in, you need to choose “Amendment of registration Core Fields”. Hit on the Registration button from the Menu bar below the service tab that is seen on the home page.
- Hit the edit button; select the field which you need to make the change
- Next, choose the required detail you need to edit and pick the date of change with the help of calendar
- After this, you have to feed the purpose for changes
- Finally hit the Save button
- Hit the continue button when all the changes are made. A blue tick will show up on the business subtleties subsequent to finishing the business subtleties.
- Scroll down and then hit edit and do the required changes
- After changing all the details hit the submit button.
- This is the online process which is a little intricate when you do it all alone. In this way, let us help and make it a bit easy for you.
Possibility To Change Or Update The Pan
There is no possibility to make any changes if there is any sort of slip-up in the PAN number, at that point the applicant is left with no other option but to document the registration from the beginning utilizing FORM GST REG-01. The explanation for is this GSTIN number is based on the PAN.
The Time Limit For GST Changes
Any changes that need to be made to the data reflected in the GST portal must be started by the taxpayer within 15 days of the actual change if the change is being done due to a change in business details and not due to clerical error.
On getting the GST change application, the concerned official needs to affirm the application after the full confirmation within 15 working days beginning from the date of receipt of use. Henceforth, on approval, the corrections will produce results from the date of the event of the occasion justifying revisions.
Conclusion
The implementation of GST was done not just to simplify the structure of indirect taxation but also to plug the holes that allow tax revenue leakages in the form of tax evasion. It is going to be a multi-year effort to perfect the structure which means there will always be changes to the regulations and procedures. So it is always advisable to seek the guidance of an expert or a professional who has hands-on experience in dealing with such matters. If you have any other queries relating to GST or taxation in general or require guidance in making changes to your GST details, then get in touch with us and we will connect you to our team of experts who will assist you with your requirements.
Also Read,
