GST Modification

WHAT IS MEANT BY GST MODIFICATION?

Any change or alteration made in the GST Registration or the details entered in the GST certificate is referred to as GST modification. One may opt for Amendment in GST Registration if he wishes from composite to normal scheme, or if there are mistakes in GST registration. To get GST modification, you need to file form GST REG 14.

WHAT WAS THE AMENDMENT MADE AS REGARDS GST MODIFICATION?

Since the beginning of GST regime in 2017, the taxpayers could register under 2 schemes- normal scheme and composite scheme. One could also shift from normal to composite scheme.

However, the government had declared 31st March 2018 as the deadline to get GST Registration under composite scheme by filing Form GST CMP-02. Now, one can't shift from normal to the composite scheme but can go vice-versa with a GST modification.

Who can get GST modification?

Anyone whose GST application is being processed as well as whose business is already registered under GST.

What all can be changed?

Details like Name & place of business, addition/deletion of partners or directors and contact details of the authorized signatory.

Voluntary modification

In case of any error in GST certificate is detected or a change is required, GST modification can be done immediately.

Other changes

In case, any other details have to be changed besides the aforementioned, GST modification will be done by only filing GST REG 14.

Change in the Company Name

If there is a change in the name of the business firm or the company name, the same should be immediately updated with GST modification.

Can PAN Be changed?

No. If there is a change of a PAN of a business firm, it can be updated with new GST registration.