GST Act 2016, REGISTRATION – Goods and Services Tax – GST – By: – CA Akash Phophalia – Dated:- 18-6-2016 – 1. Background Model GST law provides for registration of various persons in different situations. This article aims at enlightening readers about the persons who are required to take registration and other provisions related to registration. 2. Threshold Limit In order to provide relaxation to small suppliers it is provided that every supplier shall be liable to be registered under this act in the State form where it makes a taxable supply of goods or services if its aggregate turnover in a financial year exceeds ₹ 9 lacs. However, this limit is ₹ 4 lacs for the persons conducting business in NE states including Sikkim. Her
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reverse charge (d) Non resident taxable persons (e) Persons who are required to deduct tax under section 37 (TDS) (f) Agents (g) Input service distributor (h) Supply of goods or services through electronic commerce operator, other than branded services (i) Every electronic commerce operator (j) Aggregator who supplies service under his brand name or his trade name (k) Other notified persons In the situation other than above- (l) Suppliers liable to be registered where it makes a taxable supply of goods of services if its aggregate turnover in a financial year exceeds ₹ 9 lacs. (m) Supplier liable to be registered where it makes a taxable supply of goods of services if its aggregate turnover in a financial year exceeds ₹ 4 lacs.
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personal use Yes 10 Non-resident persons Yes 11 Persons required to deduct TDS providing intra state supply upto ₹ 9 lacs Yes 12 Input service distributor Yes 13 Agent or the like Yes 14 Intra-state supply upto ₹ 9 lacs As an agent Yes 15 Electronic commerce operator Yes 16 Supply through electronic commerce operator – Branded or otherwise Yes 17 Aggregator – supplying services Yes 18 Intra-state supply – Exempted ₹ 5 lacs Intra-state supply – Taxable ₹ 5 lacs Yes As the aggregate turnover exceeds ₹ 10 lacs. 5. Time limit for registration Person liable to take registration under this act shall be liable to take registration within thirty days from the date on which he becomes liable to registration. Input servi
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