Registration is a concept in which a specified authority grant a unique identification number to particular person so that they can be easily identified by concerned authority. It is the most fundamental requirement for identification of any business and for having compliances. Here we are talking about GST registration which is also called GSTN.
Now come to the GST, where every supplier who makes taxable supply is required to get GSTN in the state from where he supplies.
The registration is required if aggregate turnover in a financial year exceeds Rs.20 Lakh and Rs.10 Lakh for special category states i.e Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand.
Now the most important point is the supplier who is liable for registration will have to take a separate registration even though such supplier may be supplying from more than one State as a single entity. The application for registration shall be made within 30 days from the date when he becomes liable for registration.
CASUAL TAXABLE PERSON or a NON-RESIDENT TAXABLE person shall apply for registration at least five days prior to the commencement of business.
A person having multiple business verticals in one State may obtain separate registrations for each of the business vertical, subject to prescribed conditions.
Condition where a supplier shall NOT BE LIABLE FOR REGISTRATION:
(a) if his aggregate turnover consists of only such Goods and/or Service which are not liable to Tax or wholly exempt from tax under this Act.
(b) an agriculturist, to the extent of supply of produce out of cultivation of land
Condition where a supplier shall BE LIABLE FOR REGISTRATION:
- persons making any inter-State taxable supply;
- casual taxable persons making taxable supply;
- persons who are required to pay tax under reverse charge;
- persons who are required to pay tax (electronic commerce operator)
- non-resident taxable persons making taxable supply;
- persons who are required to deduct tax (TDS), collect tax at source (TCS);
- persons who supply goods or services or both on behalf of other registered taxable persons whether as an agent or otherwise;
- input service distributor;
- every electronic commerce operator;
- every person 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.
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