REGISTERING UNDER GST

Every person who is registered under an earlier law will take registration under GST too.

Where a business which is registered has been transferred to someone, the transferee shall take registration with effect from the date of transfer.

Registration is mandatory for anyone who makes inter-state supply of goods and/or services.

Registration is mandatory for:

1- Casual Taxable Person

2- Non-Resident Taxable Person

3- Agents of a supplier

4- Taxpayers paying tax under reverse charge mechanism

5- Input Service Distributors

6- E-commerce operator or aggregator and their suppliers

7- 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

*A person with multiple business verticals in a state will need to obtain a separate registration for each business vertical.

*PAN is mandatory to apply for GST registration (except for non-resident person who can get GST registration on the basis of other documents).

*A registration which has been rejected under CGST Act/SGST Act shall also stand rejected for the purpose of SGST/CGST Act.

If you occasionally make supply of goods/services as a principal or agent or any other capacity, in a taxable territory, where GST applies but where you don’t have a fixed place of business. As per GST, you will be treated as a casual taxable person.

When you occasionally make supply of goods/services as a principal or agent or any other capacity, in a taxable territory, where GST applies but you don’t have a fixed place of business in India. As per GST, you will be treated as a non-resident taxable person.

Here are the rules for registration for these persons:

*Registration shall be valid for 90 days.

*It can be further extended by 90 days.

*An advance deposit of tax liability for the period of registration must be made. Additional tax must be deposited if extension of registration is sought.

*This tax deposited shall be used like ‘input credit

The following shall not be required to obtain registration and will be allotted a UIN (Unique Identification Number) instead. They can receive refund of taxes on notified supplies of goods/services received by them:

*Any specialized agency of UNO (United Nations Organization) or any multilateral financial institution and organization notified under the United Nations Act, 1947

*Consulate or Embassy of foreign countries

*Any other person notified by the Board/Commissioner The central government or state government may be based on the recommendation of the GST council, notify exemption from registration to specific persons.

A person may opt for voluntary registration under GST even if he is not liable to be registered. All the provisions of GST applicable to a registered taxable person will similarly apply to such a voluntarily registered person also, i.e. he will be treated as a normal taxable person.

For example, assume there is a small grocery dealer with a limited turnover of Rs. 12-15 lakh. Such a dealer may not be required to register under GST. However, he may be supplying inputs to a nearby restaurant which has a turnover exceeding Rs. 20 lakh, is registered as a normal taxpayer, and is thus eligible for input credit. In such a scenario, a small dealer may register voluntarily to pass on the benefit of input credit to his buyer.