Registration of companies for GST reduces by 40% in state

The registration of companies for Goods and Services Tax (GST) reduced by 40 per cent since the state government introduced biometric based Aadhaar verification mandatory for GST registration.

- OUR CORRESPONDENT

KOLKATA:

In July 2024, the Central Board of Indirect Taxes and Customs (CBIC) announced that biometric based Aadhaar authentication for GST will be compulsory for those taxpayers who identified based on data analytics and risk parameters. The biometric based Aadhaar authentication was introduced in the state in August, 2024. Taxpayers who won't opt for such authentication need to mandatorily visit the GST Suvidha Kendra for photo capturing and document verification.