SCHEDULE V – Draft-Bills-Reports – SCHEDULES – MODEL GST LAW – Draft The Central / State Goods and Services Tax Act, 2016 – [November 2016] – SCHEDULE V – SCHEDULE V PERSONS LIABLE TO BE REGISTERED 1. Every supplier shall be liable to be registered under this Act in the State from where he makes a taxable supply of goods and/or services if his aggregate turnover in a financial year exceeds twenty lakh rupees: PROVIDED that where such person makes taxable supplies of goods and/or services from any of the States specified in sub-clause (g) of clause (4) of Article 279A of the Constitution, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees. (Other than Special Category States) 2. Every s
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
n engaged exclusively in the business of supplying goods and/or services that are not liable to tax or are wholly exempt from tax under this Act; (b) an agriculturist, for the purpose of agriculture. 3. Subject to the provisions of paragraph 1, every person who, on the day immediately preceding the appointed day, is registered or holds a license under an earlier law, shall be liable to be registered under this Act with effect from the appointed day. 4. Where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transferee, or the successor, as the case may be, shall be liable to be registered with effect from the date of su
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
casual taxable persons, irrespective of the threshold specified under paragraph 1; (iii) persons who are required to pay tax under reverse charge, irrespective of the threshold specified under paragraph 1; (iv) persons who are required to pay tax under sub-section (4) of section 8, irrespective of the threshold specified under paragraph 1; (v) non-resident taxable persons, irrespective of the threshold specified under paragraph 1; (vi) persons who are required to deduct tax under section 46, whether or not separately registered under this Act; (vii) persons who are required to collect tax under 56, whether or not separately registered under the Act; (viii) persons who supply goods and/or services on behalf of other taxable persons whether
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =