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GST Registration

Author: Gauri Jadhav
by Gauri Jadhav
Posted: May 25, 2018

Who is required to get GST Registration?Any individual or entity that fulfils any of the following conditions is required to obtain GST Registration :

  1. Having an annual aggregate turnover from operations in the state which is above the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for North-Eastern States)
  2. Currently registered under any of the existing indirect tax regimes (VAT, Excise Laws, Service Tax Laws) irrespective of the threshold limit
  3. Having operations in multiple states
  4. Having multiple business verticals in one state
  5. Making any Inter-State taxable supply
  6. Casual taxable persons & Non-resident taxable persons
  7. Required to pay tax under Reverse Charge
  8. Required to deduct tax at source
  9. Agents of a supplier
  10. Input Service Distributor
  11. Supplying goods or services through E-commerce Operator
  12. E-commerce Operator/ Aggregator who supplies goods or services under its brand name
  13. Supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
Who is exempted from GST Registration?
  1. Agriculturists supplying produce out of cultivation land
  2. Persons falling within Threshold Exemption Limit
  3. Persons making Nil-Rated/ Exempt supplies of goods and services
  4. Persons making Non-Taxable/ Non-GST supplies of goods and services
  5. Activities that are neither Supply of Goods nor Services
  6. Persons making only supplies covered under reverse charge
What’s the benefit of registering a business under GST?Registration under Goods and Service Tax (GST) regime will confer following advantages to the business:
  1. Legally recognized as supplier of goods or services
  2. 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
  3. Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients
Can a person without GST registration claim ITC and collect taxNo. A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.

What is the time limit for taking a GST Registration?Any person should take a Registration, within thirty days from the date on which he becomes liable to registration, in such manner and subject to such conditions as may be prescribed.

GST Registration

Only in Rs. 1,999/-

Duration : 3 - 4 Days

Brows This @ https://www.gstregistrationonline.org/

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Author: Gauri Jadhav

Gauri Jadhav

Member since: May 25, 2018
Published articles: 5

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