NSE Asks Trading Members to Upload GSTIN by July 25

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

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

    NSE Asks Trading Members to Upload GSTIN 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.

    "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.

    Read more about: nifty sensex gst stocks nse bse
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more