PERSONS LIABLE TO BE REGISTERED
SCHEDULE V
Bill
SCHEDULES
MODEL GST LAW – Draft The Central \/ State Goods and Services Tax Act, 2016 – [November 2016]
SCHEDULE V
\nPERSONS LIABLE TO BE REGISTERED
\n1. Every supplier shall be liable to be registered under this Act in the State from where he makes a taxable supply of goods and\/or services if his aggregate turnover in a financial year exceeds twenty lakh rupees:
\nPROVIDED that where such person makes taxable supplies of goods and\/or services from any of the States specified in sub-clause (g) of clause (4) of Article 279A of the Constitution, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees.
\n(Other than Special Category St<\/p>\n
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\n (a) any person engaged exclusively in the business of supplying goods and\/or services that are not liable to tax or are wholly exempt from tax under this Act;
\n (b) an agriculturist, for the purpose of agriculture.
\n3. Subject to the provisions of paragraph 1, every person who, on the day immediately preceding the appointed day, is registered or holds a license under an earlier law, shall be liable to be registered under this Act with effect from the appointed day.
\n4. Where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transferee, or the successor, as the case may be, shall be liable to be registered wi<\/p>\n
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\n (ii) casual taxable persons, irrespective of the threshold specified under paragraph 1;
\n (iii) persons who are required to pay tax under reverse charge, irrespective of the threshold specified under paragraph 1;
\n (iv) persons who are required to pay tax under sub-section (4) of section 8, irrespective of the threshold specified under paragraph 1;
\n (v) non-resident taxable persons, irrespective of the threshold specified under paragraph 1;
\n (vi) persons who are required to deduct tax under section 46, whether or not separately registered under this Act;
\n (vii) persons who are required to collect tax under 56, whether or not separately registered under the Act;
\n (viii) persons who supply goods and\/or servi<\/p>\n
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