Goods and Services Tax – GST – By: – Sanjeev Singhal – Dated:- 20-12-2016 – It is important to understand provision of GST law that when the registration is required like at what value of turnover , kind of person covered for registration, what are the situation where registration is required without the threshold limit means after the occurring of particular transaction or transaction by particular person. How the amendment in the registration could be effected and cancellation of the same. For applying of limit of ₹ 20 lacs or 10 lacs as per Schedule -V , one need to understand the definition of Aggregate Turnover provided in Section -2[6] of Revised MGL. Aggregate Turnover means aggregate value of all taxable supplies, exempt supplies, export of goods and or services and interstate supplies of a person having the same PAN , to be computed on all India basis and exclude taxes , if any, charged under CGST Act, SGST Act and IGST Act, as the case may be. Provision related to regi
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necessary. Person who does not fall under Schedule -V , may apply for registration voluntarily. Person having Permanent Account Number in Income Tax Act,1961 shall be eligible for registration as aforesaid. Person who is required to deduct tax u/s 46 will required to have TAN for the registration. Non resident taxable person can take registration under the law on the basis of other documents as may be prescribed. Any specialized agency like United Nation Organization and Multilateral Financial Institution, Organization notified under the United Nations ( Privilege and Immunity ) Act ,1947, Consulate or embassy of Foreign countries or any other person or class of person as notified shall obtain Unique Identification Number instead of regular number as may be prescribed including refund of taxes for the good and services received by them. Certificate of registration shall be issued in prescribed form with effective date. Registration or UIN shall be deemed to be granted with in such per
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rovision for Casual Taxable Person and Non Resident Taxable Person [ Sec. 24] Certificate issue to above both category shall be valid for days mentioned in the application or 90 days from the effective date of registration. which ever is earlier. But on request this period may be further extended for 90 days. Such taxable person at the time of seeking registration u/s 23 , make advance deposit of tax equivalent to the estimated liability of such person for the period of registration or extended registration. Amount deposited in 2 above shall be credited to his electronic cash ledger and shall be utilized in the manner specified in Section- 44. Amendment of Registration [ Sec.25] Every RTP shall inform the proper officer of any changes for information furnished at the time of registration or later on within the prescribed time. Proper Officer may approve or reject the information as submitted within the prescribed time. Proper officer will not reject the application unless reasonable op
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pression of fact, the PO may cancel the registration with retrospective effect subject to the provision of Section 37. The liability to pay tax of RTP in situation of such cancellation shall not be effected Every RTP whose registration is cancelled, pay liability by way of debit in electronic cash ledger, equivalent to the credit of input tax in respect of input held in stock of raw material, semi finished or finished goods on the day immediately proceeding to such cancellation or the output tax payable which ever is higher , as may be prescribed. In case of capital goods, taxable person shall pay an amount equal to the input taken on such goods reduced by the percentage point as prescribed or the tax transaction value of such goods which ever is higher. Revocation of Cancellation [ Sec. 27 ] In case of cancellation of registration by PO at his own motion, RTP may apply for revocation of cancellation within 30 days from the date of service of cancellation order. The PO after looking at
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registration like centralized registration. Ans; No , there is no concept of centralized registration in GST. In each State where the business is operating , person has to take registration in each State as per Sec.23[1]. Q-4 Weather the registration granted to one person is permanent? Ans; yes, unless surrendered or cancelled. Q-5 What is responsibility of taxable person while supplying to UN bodies? Ans; Taxable person shall write UIN on invoice and supply as registered taxable person.[ B2B] and the invoice will be uploaded by supplier. Q-6 Is it necessary for Govt. organization to get registration? Ans; UIN will be given by each State to Govt. Organization / PSU. Not making any outward supply of GST goods but making interstate purchases. Thus not liable to obtain GST registration . Q-7 Who is casual person? Ans; Casual taxable person has been defined under section 2[20] of Revised MGL. It means person occasionally undertake transaction involving supplies of goods or services in the
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