Registration of GST with Practical Issues
By: – Sanjeev Singhal
Goods and Services Tax – GST
Dated:- 3-8-2018<\/p>\n
Every one know that GST registration is required the moment you cross threshold limit of ₹ 20 lacs and ₹ 10 lacs in NE States. But the most important is the GST registration is mandatory from the day one without any threshold limit.
\n1. Registration as per Threshold limit. How to compute this threshold limit
\nEvery supplier required to be registered if the above threshold limit has been crossed for the supply of goods or services or both. Except when the supplier deals only in exempted goods or services exclusively. Major problem is how to compute the aggregate turnover so that it can be determine that <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n wing the exempted supplies, aggregate turnover can not be determined. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s only ₹ 1 lakh. Going by the aggregate turn over Mr. A is required to get the registration. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Registration of GST with Practical IssuesBy: – Sanjeev SinghalGoods and Services Tax – GSTDated:- 3-8-2018 Every one know that GST registration is required the moment you cross threshold limit of ₹ 20 lacs and ₹ 10 lacs in NE States. But the most important is the GST registration is mandatory from the day one without … Continue reading “Registration of GST with Practical Issues”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13012","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13012"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13012\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n“exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply;
\nWhat is important here is that Non taxable supply on which GST is not applicable.
\nLike Salary which is neither goods nor services means thereby that salary is not covered in GST as per Schedule-III, hence salary is non taxable supply.
\nFor Example .
\n * Mr. A is doctor doing and his own practice and his yearly income is ₹ 12lacs and he sit in hospital for two hours in day on salary basis and his salary is ₹ 6 l<\/p>\n
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\n2. Case Where no registration is required -Section-23.
\n * Person making interstate supply of taxable services and having aggregate turnover , to be computed on all India basis, not exceeding amount of ₹ 20 lacs( ₹ 10 lacs in Special category State). Notification No. 10 dated 13.10.2017.
\n * Any person engage in making supply of exempted goods or services even though supplies exceeds the threshold limit.
\n * A agriculturist to the extend of supply of produce out of cultivation of land.
\n3. Compulsory Registration is required in the following cases without any threshold limit.
\n * Casual Taxable person.
\n * Person required to pay <\/p>\n
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