Introduction
Central Board of Indirect taxes and Customs vide Notification no. 62/2020 dated 20th August,2020 made it mandatory for taxpayers obtaining new registration under GST to authenticate the application by way of Aadhar Authentication i.e. Aadhar OTP. The applicants failing to do so shall be subject to a site visit by the department before the grant of registration.
Applicability:-
Aadhar authentication needs to be mandatorily done by the following class of taxpayers opting for new registration under GST:-
- Individuals,
- Karta of HUF,
- Authorized Signatories of all businesses,
- Managing and Authorized Partners of Partnership Firms.
Timeline:-
Once, the application for registration in form REG 01 is successfully authenticated by aadhar, registration shall be granted within 3 days if SCN is not issued. In case, registration is not granted within 3 days, registration shall be deemed to be granted. In case, the officer has any query, he shall issue Show Cause notice within 3 days, the reply to which can be given by the applicants within 7 days of issue of such Show cause notice.
In case, the applicant does not authenticate the application using aadhar, he shall be subjected to site visit by the department. However, based on the documents produced, registration can be granted by the Tax Authority. In such case, the officer can issue show cause notice within 21 days of filing of application. In case no SCN is issued within 21 days, registration shall be deemed to have been granted.
Procedure for Aadhar Authentication:-
- Once the application for registration is submitted by the applicant, a link shall be forwarded on the email Id and Mobile number mentioned in the application.
- On clicking the link, a window shall be opened where the applicant needs to enter his aadhar number and the OTP. OTP shall be sent on the mobile number linked with aadhar.
- This process needs to be completed for all the Promoters/Karta/Proprietor/Authorized signatories.
- The aforesaid link can be accessed again by navigating to My Saved Applications > Aadhaar Authentication Status > RESEND VERIFICATION LINK.
Points to be noted:-
- This process is to be followed only for new registrations. Persons already registered are not required to do the same.
- Non- residents and individuals who are not citizen of India are exempted from this process.
Kartik M Jain & Associates, CA in Pune is a professionally managed firm serving domestic and international clients providing services relating to direct and international taxation, indirect taxation, auditing and assurance and Consultancy. It is amongst the best CA firms in Pune. With a team of expert and experienced Professionals, The firm aims to provide quality and effective services. The firm provides complete end to end solutions to your complete business needs under one roof. Our sister Firm, Payal K Jain & Associates, a Company Secretary in Pune provides services in relation to Company Formation in Pune and across India, Corporate Law and Compliance, ROC filings, FEMA, Trademark Registration, etc.
Our Services :- GST consultation, Chartered accountant, Income Tax consultancy, Corporate law, International Taxation, Transfer Pricing, Regulatory & Advisory Services.
