Business Companies 21 Jul 2017 NSE asks trading mem ...

NSE asks trading members to upload GSTIN by July 25

PTI
Published Jul 21, 2017, 8:30 pm IST
Updated Jul 21, 2017, 8:30 pm IST
In case of failure to upload GSTIN within timeline, exchange would issue invoice for taxable services without requisite registration number.
Submission of GSTIN post July 25 shall be considered for prospective invoicing and would not entail any amendments in the invoices already issued / reported to GST portal.
 Submission of GSTIN post July 25 shall be considered for prospective invoicing and would not entail any amendments in the invoices already issued / reported to GST portal.

Mumbai: Top stock exchange NSE has asked trading members to submit their goods and services taxpayer identification number (GSTIN) in electronic format by July 25.

In case of the failure to upload the GSTIN within prescribed timeline, the exchange would issue invoice for taxable services without the requisite registration number, which could consequently result in "loss of input tax credit" for the trading member.

 

"On perusal and review of the status of GSTIN submitted by the members so far, it is observed that some of the members have not yet uploaded/intimated their GSTIN on the ENIT (Electronic NSE Interface for Trading Members)- New Compliance," NSE said in a circular today.

"Members are hereby, once again requested to update their GSTIN for address on record latest by July 25, 2017," it added.

According to the exchange, transactions (invoice issued without GSTIN on record) would be considered and uploaded on GST portal "as supplies to unregistered dealer and accordingly could result to loss of input tax credit thereof, as applicable".

 

"Also, any submission of GSTIN post July 25 shall be considered for prospective invoicing and would not entail any amendments in the invoices already issued / reported to GST portal," it added.

GST, which ushers the country into a single tax regime, came into effect from July 1, this year.  

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT