Biometric registration rollout for GST Registration from Vapi on Nov 7
The GST department will start a new registration system on November 7. Applicants will need to give their fingerprints when they register for a new GST number.
Summary :
- Gujarat will be the first state in India to implement biometric registration for GST on November 7, 2023.
- The system will help to ensure that GST applicants are genuine and to track down individuals who commit fraud.
- GST applicants will be required to give a thumb impression along with other identification documents.
- The new system is expected to reduce the number of GST frauds and make it easier for the GST department to track down individuals who commit fraud.
Additional information:
- The biometric registration system will be rolled out from Vapi in a formal event.
- Union minister for finance and corporate affairs Nirmala Sitharaman is likely to be present at the event and launch the project virtually at 10 centers across the state.
- The new registration method will be implemented as a pilot project in Gujarat. After the pilot project is successful, the system will be rolled out in other states as well.
Benefits of biometric registration for GST:
- Reduced fraud: Biometric registration will make it more difficult for individuals to obtain GST registration fraudulently.
- Improved tracking: Biometric registration will make it easier for the GST department to track down individuals who commit fraud.
- Increased transparency: Biometric registration will increase the transparency of the GST registration process.
- Improved compliance: Biometric registration is expected to improve GST compliance by making it more difficult for individuals to evade GST.
Overall, biometric registration is a positive development for the GST regime in India. It is expected to reduce fraud, improve tracking, and increase transparency and compliance.