Who is a Casual Taxable Person? – Question 18 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 18 – Q 18. Who is a Casual Taxable Person? Ans. Casu
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Question 17 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 17 – Q 17. Is it necessary for the Govt. organization to get registration? Ans. A unique identification number (ID) would be given by the respective state tax authorities through GST portal to Government authorities / PSUs not making outwards supplies of GST goods (and thus not liable to obtain GST registration) but are making inter-state purchases. – Statutory Provisions, Acts, Rul
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Question 16 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 16 – Q 16. What is the responsibility of the taxable person supplying to UN bodies? A
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Question 15 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 15 – Q 15. Is it necessary for the UN bodies to get registration under MGL? Ans. All UN bodies Consulate or Embassy of foreign countries and any other class of persons so notified would be required to obtain a unique identification number (UIN) from the GST portal. The structure of the said ID would be uniform across the States in conformity with GSTIN structure and the same will be
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Whether the Registration granted to any person is permanent? – Question 14 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 14 – Q 14. Whether the
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Question 13 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 13 – Q 13. Whether the proper Officer can reject an Application for Registration? Ans. Yes. In terms of sub-section 7 of MGL, the proper officer can reject an application for registration after due verification. However, it is also provided in sub-section 8 of Section 19, the proper officer shall not reject the application for registration or the Unique Identity Number without givin
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Question 12 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 12 – Q 12. Whether the Department through the proper officer, can suo-moto proceed with registration of a Person under this Act? Ans. Yes. In terms of sub-section (5) of Section 19, where a person who is liable to be registered under this Act fails to obtain registration, the proper officer may, without prejudice to any action that is, or may be taken under the MGL, or under any oth
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Question 11 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 11 – Q 11. Is possession of a Permanent Account Number (PAN) mandatory for obtaining a Registration? Ans. Yes. Every person shall have a Permanent Account Number issued under the Income Tax Act, 1961 (43 of 1961) in order to be eligible for grant of registration under Section 19 of the Model GST Law. However as per section 19 (4A) of MGL, PAN is not mandatory for a non-resident taxa
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Question 10 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 10 – Q 10. Is there a provision for a person to get himself voluntarily registered though he may not be liable to pay GST? Ans. Yes. In terms of Sub-section (3) of Section 19, a person, though not liable to be registered under Schedule III, may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered taxable person, shall apply to such pe
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Question 9 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 9 – Q 9. Whether a person having multiple business verticals in a state can obtain for different registrations? Ans. Yes. In terms of Sub-Section (2) of Section 19, a person having multiple business verticals in a State may obtain a separate registration for each business vertical, subject to such conditions as may be prescribed. – Statutory Provisions, Acts, Rules, Regulations, Taxa
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Question 8 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 8 – Q 8. If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration? Ans. No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST in terms of Sub-section (1) of Section 19 of Model GST Law. – Statutory Pr
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Question 7 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 7 – Q 7. What is the time limit for taking a Registration under Model GST Law? Ans. An
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Question 6 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 6 – Q 6. Which are the cases in which registration is compulsory? Ans. As per paragraph 5 in Schedule III of MGL, the following categories of persons shall be required to be registered compulsorily irrespective of the threshold limit: a) persons making any inter-State taxable supply; b) casual taxable persons; c) persons who are required to pay tax under reverse charge; d) non-reside
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Question 5 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 5 – Q 5. What is aggregate turnover? Ans. As per section 2 (6) of the MGL, aggregate turnover includes the aggregate value of: (i) all taxable and non-taxable supplies, (ii) exempt supplies, and (iii) exports of goods and/or service of a person having the same PAN. The above shall be computed on all India basis and excludes taxes charged under the CGST Act, SGST Act and the IGST Act.
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Question 4 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 4 – Q 4. Who are the persons liable to take a Registration under the Model GST Law? Ans. Any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed in a year is liable to get himself registered. However, certain categories of persons mentioned in Schedule III of MGL are liable to be registered irrespective of this
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Question 3 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 3 – Q 3. What will be the effective date of registration? Ans. Where the application for registration has been submitted within thirty days from the date on which the person becomes liable to registration, the effective date of registration shall be date of his liability for registration. Where an application for registration has been submitted by the applicant after thirty days from
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Can a person without GST registration claim ITC and collect tax? – Question 2 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 2 – Q 2. Can a perso
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Question 1 – Draft-Bills-Reports – Registration – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 1 – Q 1. What is advantage of taking registration in GST? Ans. Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: Legally recognized as supplier of goods or services. Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business. Le
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Question 22 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 22 – Q 22. Does the model GST Law empower the competent government to exempt supplies from the levy of GST? Ans. Yes. Under Section 10 of the Model GST Law, the Central or the State Government, on the recommendation of the GST council can exempt the supplies from the levy of GST either generally or subject to conditions. – Statutory Provisions, Acts, Rules, Regulat
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Question 21 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 21 – Q 21. Whether remission is allowed on goods lost or destroyed
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Question 20 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 20 – Q 20. Whether remission is allowed for goods lost or destroyed before supply? Ans. Remission of tax will apply only when tax is payable as per law i.e. taxable event should have happened and tax is required to be paid as per law. Under GST Law, levy is applicable upon supply of goods. Where goods are lost or destroyed before supply, taxable event does not occu
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Whether remission is allowed under GST law? – Question 19 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 19 – Q 19. Whether rem
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What is remission of tax/duty? – Question 18 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 18 – Q 18. What is remission of tax
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When exemption from whole of tax collected on goods and/or services has been granted unconditionally, can taxable person pay tax? – Question 17 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 17 – Q 17. When exemption from whole of tax collected on goods and/or services has been granted unconditionally, can taxable person pay tax? Ans. No, the taxable person providing such goods or services shall not collect the tax on such
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What is the minimum rate of tax prescribed for composition scheme? – Question 16 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question
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