An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.
GST REG-25 helps old regime businesses migrate to GST with a provisional GSTIN.
Final registration requires Form REG-26 with details submitted in 3 months.
Errors may trigger a show cause notice via Form REG-27.
Ineligible businesses can cancel provisional GST via Form REG-29.
Timely registration ensures smooth operations and tax compliance.
GST REG-25 Form is a crucial form under India's Goods and Services Tax (GST) framework, designed specifically for businesses needing provisional registration. Entities registered under the old tax regime, such as service tax, VAT, and excise duty, typically issue this form to migrate to the GST system.
Further, by submitting the GST REG-25 form, businesses obtain a provisional GSTIN (Goods and Services Tax Identification Number). Once this number is issued, businesses can continue to operate without further disruptions.
Thus, this process ensures a smooth transition into the GST regime, complying with tax regulations while benefiting from the uniform tax structure. Continue reading this blog to gain detailed insights into the GST REG-25 Form, how to obtain the final registration form, how to cancel it, and more.
Final GST Registration
Registering for Goods and Services Tax (GST) is a mandatory and legal requirement for most businesses in most countries. Final GST registration indicates completing all necessary steps to obtain a valid GST number. It thereby also allows companies to collect taxes and comply with tax laws. A proper GST registration process involves smooth operations without any penalty charges.
If an individual is eligible to register under GST or is willing to register, then submitting an electronic application in Form GST REG-26 is mandatory. Any information should be furnished within a time frame of three months.
If the information provided is complete and accurate, the final GST registration will be provided in Form GST REG-06.
If the information provided is incorrect, the officer is liable to issue a show cause notice in Form GST REG-27. Applicants will receive a reasonable opportunity and, if misled, will lead to cancellation of the provisional certificate of registration in REG-28.
If the reply received from the applicant is satisfactory, the issuance of a show cause notice will be nullified through issuing an order in Form GST REG-20.
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Cancellation of Provisional GST Registration
Cancelling a provisional GST registration indicates ending a GST registration in form temporarily. This works well when businesses choose to close or not register anymore. This process includes submission of the application form with relevant documents to tax authorities. Proper cancellation implies avoiding penalties and ensuring compliance with tax rules.
If any person liable under any existing laws is not eligible to register under GST can then cancel the provisional registration. Make sure to complete it within 30 days from the date of appointment.
Visit the GST official common portal and apply electronically through Form GST REG-29 for cancellation of the registration process granted to him.
The officer further after conducting an inquiry leads to cancellation of registration
Overall, GST REG-25 plays an important role in simplifying the transition of businesses from the old tax regime to the GST system. It ensures that eligible businesses can experience a smooth registration process while maintaining their legal tax status. To complete the centralized registration process, businesses must complete the required formalities and receive permanent registration under GST.
Thus, through the facilitation of a structured migration, GST REG-25 enables businesses to avoid tax compliance issues and continue operations smoothly. Gaining a thorough understanding of opting for GST REG-25 and on-time submission of the form is crucial for companies to experience the benefits of GST.
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FAQs
What is GST REG-25 and who should use it?
GST REG-25 is a form under India’s GST framework used for issuing provisional registration to businesses. It's primarily meant for entities previously registered under old tax systems like VAT, service tax, or excise duty. By using this form, businesses receive a provisional GSTIN to ensure they can continue operations while transitioning smoothly into the GST regime.
How can a business get final GST registration after provisional registration?
To obtain final registration, businesses must submit Form GST REG-26 online within three months of receiving the provisional GSTIN. If all provided details are correct, a final certificate is issued in Form GST REG-06. If there are discrepancies, authorities may issue a notice under Form REG-27.
What happens if there is an error in the submitted registration details?
If the information in Form REG-26 is found incorrect or incomplete, the officer will issue a show cause notice (Form REG-27). The applicant gets a chance to respond. If the reply is satisfactory, the notice is nullified with an order in Form REG-20. If not, the provisional registration can be cancelled via Form REG-28.
How can a provisional GST registration be cancelled?
If a business is found ineligible or decides not to migrate to GST, it can apply for cancellation of its provisional registration through Form GST REG-29 on the GST portal. The application must be submitted within 30 days of the appointment date, and cancellation is finalized after due inquiry by the officer.
Why is GST REG-25 important for businesses?
GST REG-25 simplifies the transition from the old tax regime to the GST system. It helps businesses avoid disruptions by granting provisional registration, allowing them to operate legally. Timely follow-up with final registration ensures compliance, prevents penalties, and supports smoother business continuity.
An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.
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