GST – Registration
By: – CA Akash Phophalia
Goods and Services Tax – GST
Dated:- 10-7-2016
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.
Here, aggregate turnover means the aggregate value of all taxable and non-taxable supplies, exempt supplies and exports of goods and/or services of a person having the same PAN, to be computed on all India basis and excludes taxes, if any, charged u
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s 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. (for NE states including Sikkim)
(n) Persons who were already registered under the earlier law subject to point (l) and (m) above.
(o) Transferee in case where business is transferred.
4. Following table will make some situations regarding registration more clear –
Situation
Nature of supply
Registration required
1
Taxable inter-state supply
Yes
2
Exempted inter-state supply
No
3
Intra-state supply (upto ₹ 9 lacs)
No
4
Intra-state supply (exceeding ₹ 9 lacs)
Yes
5
Intra-state supply (upto ₹ 9 lacs)
Exempted inter-state supply of any value
No
6
Casual Taxable person
Yes
7
Reverse charge – for personal use upto prescribed limit
No
8
Reverse charge – for personal use beyond
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Option available for separate registration for each business vertical
* Option of voluntary registration is available
* Every person applying for registration should b having PAN number
* Non resident person may be granted registration on any other documents as prescribed ion absence of PAN number.
* Unique Identity number will be allotted to the assessees.
7. Special provisions relating to casual taxable person and non-resident taxable person
* Registration certificate issued will be valid for 90 days from the date of registration.
* This period could be further extended to 90 days.
* Such taxable persons are required to deposit tax in advance on the basis of estimated tax liability.
This is just for your reference. It does not constitute our professional advice or recommendation.
Reply By Narayan Mahale as =
Whether for every branch within the state is required to be registered or only a principal place of business would suffice?
Dated: 11-7-2016
Reply By CA Akas
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