Entity Proof - 3

The entity proof is fraught with many contributing to the collective sabotage of a very simple process. I am licking some wounds and thus the reason for this update.

For the filling up of the ST – 1 form for registration of the Service Tax, it is recommended that this be done by you. Spelling and content need to match big time. Well for starters the spellings were messed up and so was the address. Simple stuff like the word “Engineering” was entered as “Enggineering”. “Vyapar” as in “Vyapar Kendra” was replaced with a singular “Vayapar” along with some additional details being omitted at will.

To remedy this glitch I looked at covering the address correctly during the current account address creation. Well RBI guidelines specify that the address proof and the address mentioned should match completely but there are some areas where we can make the necessary changes like

- the entity name being too long , “engineering” was replaced with “engg” so similar errors can be made up for

- the forms for account opening have information like “landmark” being captured in the address which is the best place to add missing details and rectify some errors.

It is recommended that all such oversights be cleared at the onset to avoid severe case of head banging later in the year. About correcting the form with the help of the lawyer whose flunky did it, I am pursuing that and hope to get him to do this for me.