The Central Board of Indirect Taxes and Customs ( CBIC ) has reallocated the New Goods and Services Tax Identification Number ( GSTIN ) to Taxpayers of Union Territory of Ladakh.
In a Statement issued by CBIC said that, New GSTINs are reallocated to active existing taxpayers registered under J & K State earlier with State code(01), having Principal Place of Business in the jurisdiction of Union territory of Ladakh (with UT code “38”).
The CBIC also said that, The list contains new GSTINs along with old GSTINs. Taxpayers are requested to use new GSTINs while generating the invoices and receiving of supplies etc. w.e.f. 1st Jan 2020.
Earlier, CBIC had notified Transition Plan under Goods and Services Tax ( GST ) for Jammu and Kashmir Reorganisation.
According to the notification, a special procedure in respect of the transfer of Input Tax Credit (ITC), payment of tax, the period of return filing etc.
The Notification also said that, It shall be followed till December 31, 2019 by those persons whose principal place of business or place of business lies in the erstwhile State of Jammu and Kashmir till October 30, 2019 and lies in the Union territory of Jammu and Kashmir or in the Union territory of Ladakh from October 31, 2019 onwards.
