Legatus

You are here: Home > Economy

12/06/2017 11:46am

From July 1, declaration of valid GSTIN is Customs docs must to avail IGST credit on imports or GST refund on exports

image From July 1, declaration of valid GSTIN is Customs docs must to avail IGST credit on imports or GST refund on exports

New Delhi, June 12 (KNN) Starting July 1, 2017, declaration of valid Goods & Services Tax Identification Number (GSTIN) in the Customs documents (BE/ SB) would be must to avail IGST credit on Imports or GST refund on exports.

“Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01-07-2017, the likely implementation date of GST, to avail IGST credit on Imports or GST refund on exports,” Central Board of Excise & Customs (CBEC) said in a notification.

The declared GSTIN would be validated for correct IEC/ PAN linkage.

Accordingly, during GSTIN registration, please ensure declaration of correct IEC and the same PAN [earlier registered with DGFT for getting IEC].

In case of any difference in PAN declared for GSTIN vis-Ã -vis the PAN declared for IEC registration, amendment of PAN in IEC may be undertaken immediately.

“All concerned may make use of the special drive by GSTN from 01-06-2017 to 15-06-2017 for updation of IEC in GSTIN,” CBEC said.

According to Clear Tax website, each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN).

The first two digits of this number will represent the state code as per Indian Census 2011. The next ten digits will be the PAN number of the taxpayer. The thirteenth digit will be assigned based on the number of registration within a state. The fourteenth digit will be Z by default. The last digit will be for check code.

Share

Related Articles

Comments

    Be first to give your comments.

Write a Comment

Your email address will not be published.
Required fields are marked *