GST: Migration to new tax regime in slow lane

The window for registration is open up to September 30

Just 35 per cent of exclusive central excise taxpayers have migrated to the goods and services tax (GST) regime despite a significant lowering of the exemption threshold.

According to the latest data provided by the GST Network, or GSTN, the information technology backbone, of the 43,854 central excise taxpayers, 15,786 have migrated to the new indirect tax regime. The numbers have baffled experts because while the earlier exemption was up to a Rs 1.5-crore annual turnover, it has been significantly cut to Rs 20 lakh under the GST.

The window for registration, however, is open up to September 30. This