In India, the Goods and Services Tax (GST) has essentially taken the place of numerous indirect taxes, including service tax and VAT. In essence, this tax is levied against the provision of services. A single domestic indirect tax law for the entirety of India, the Goods and Services Tax was approved by the Parliament on March 29, 2017, and it went into effect on July 1st, 2017. For all current taxpayers, registering is a crucial step because, without registration, they will not receive their GSTIN number, which serves as their primary identification number. It is crucial that you complete the registration form with accurate information.
Why Does GST Reg-14 Matter?
According to the Central Goods and Services Tax Rules of 2017, Form GST REG-14 is an application for amending a GST registration. Rule 19 contains all the guidelines for submitting an amendment application for a GST registration. You must electronically file Form GST REG-14 if you wish to make any changes to the GST registration application. Any applicant, without the consent of any authority, may amend or update the information they have provided. Certain fields need permission, but editing is possible online in both of these situations. Based on the degree of approval needed and the window of time for making changes in the area, GST Amendments are divided into three sections. Should you desire to create
Types of GST Amendments
Basically, there are three different kinds of amendments that can be made, including:
- Modifications to Core Fields: Modifications to Core Fields usually entail altering your company’s legal name, primary business address, and any additional locations. Basically, you have to wait 15 days to receive approval from the relevant office if you want to make changes to the core fields.
- Modifications to Non-Core Fields: Certain fields, like those pertaining to authorized signatories, bank accounts, and stakeholder information like partners or promoters, can be updated without obtaining approval from the relevant office. Modifications are simple to make in the online mode.
- Modification of Email or Mobile Number: To make modifications to your email address or mobile number, you must first authenticate online using the common GST portal with a one-time password.
Submitting an amendment request using Form GST REG-14
You must fill out the GST REG-14 form for the appropriate amendment by following the instructions provided below, depending on the type of amendment you wish to make—core fields or non-core fields.
Procedures for modifying Core Fields:
Step 1: Go to the GST official website
Step 2: Enter your username, password, and captcha to log in.
Step 3: Click on the “Amendment of Registration Core Fields” link after selecting “Services” > “Registration.”
Step 4: After making changes to the mandatory fields, select the Verification Box.
Step 5: Once the “Amendment Of Registration Core Fields” fields have been successfully modified, submit the application using the Electronic Verification Code (EVC) or Digital Signature Certificate (DSC).
Within the next fifteen minutes, an acknowledgment message is automatically sent to your registered email address and mobile number after you successfully complete the online GST registration process.
When is the GST REG-14 Form Necessary?
The situations listed below indicate when Form GST REG-14 is necessary:
If you wish to change the name that your company has changed accidentally.
when it’s time to relocate your additional place of employment.
If any changes or additions to your stakeholders are required.
if you wish to relocate your primary place of business.
If the home address or date of birth needs to be updated, or if your shop and establishment license has expired and you need to add a new one.
In summary
In order to fully comply with the GST provisions, it is imperative that the GST registration details be amended. As far as we are aware, there is no penalty for failing to update the registration information, but failure to comply may result in significant fines. You can use Form GST REG-14 to fix any incorrect information you entered during registration. While some details, like your email address, primary place of business, additional place of business, and mobile number, cannot be altered, you can easily change them. We have explained Form GST REG-14 in detail and addressed many related topics in this post.
