CBIC Mulls Single GST Authority For Businesses With Multiple Registrations
New Delhi, July 22 -- The Central Board of Indirect Taxes and Customs (CBIC) has constituted a high-level working group to examine the feasibility of centralised administration for GST taxpayers holding multiple registrations under a single Permanent Account Number (PAN).
The move is aimed at improving ease of doing business and addressing long-pending industry concerns.
Proposal Under Review
The proposal seeks to allow businesses operating across multiple states to be administered by a single central GST authority, instead of dealing with separate tax offices for each registration, ET reported.
At present, companies must interact with multiple field formations for audits, assessments and compliance, depending on their state-wise regi...
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