Get yourself registered under GST regime process
by Goury Khan Project managerAll the structure of the GST is based by
the registration mechanism as it is evident that only a registered person is
legally responsible for paying tax and is
entitled by law to derive benefits regarding input tax credit system. Only a
registered person is eligible to receive GST tax as of his recipients. A person
who is not registered is not liable to be taxed and cannot avail benefits of
the input tax credit system.
The law of the GST registration
provides a restricted option to some categories of individuals not to get
registered and consequently are not lawfully liable to be taxed. In case an
individual falls within prescribed criteria of taxation which is extensive as
per law, it becomes compulsory to get
registered.
Individuals liable to get registered
Here are given the persons that are
needed to get a GST registration online.
It is made mandatory by the government under
section 22:
A) State or UTs
Any supplier or trader of the goods
or also services or deals in both require getting
registered in the state or the union territory in case his turn over happens to
exceed twenty lakh.
B) Special Category- States
While taking the case of states with a special category like J&K, AP, Mizoram, Nagaland, Uttarakhand,
Sikkim, etc. any person having turnover
is over ten lakhs is liable to get registered under GST online system.
C) Aggregate Turnover
It will mean aggregate value about all taxable supplies; supplies exempted, also exports plus
interstate supplies concerning persons
Individuals possessing an alike PAN but taxes are excluded.
Persons who are not liable to get
registered under section 23 of the GST registration online India act.
Individuals below given are not liable to be registered
A) Exempted Goods or also Services
Any individual who is dealing
exclusively with the supply of such goods or also services that fall totally
outside the tax system are exempted or
persons who are not entitled by law to pay tax by IGST or CGSTact and are not required to pay GST
registration fees.
B) Any agriculturist
For those people who supply that is produced from the cultivation of land only.
C) Notified Person
Moreover, the government as per the
recommendation put forth by the GST council can issue notification and identify
or specify any special category of individuals who are spelled out not to be
liable to registration. New registration
fees are usually required for people
liable to taxation.
D) Registration
Any person who has got registered before the appointed day will be held liable
for registration according to CGST and know how to get GST number.
E) Registration of Successor or Transferee
In case a business is already
registered by a person who is taxable is transferred to some other individual,
that person either it be transferee or successors will be held liable to get
registered according to the act.
F) Registration about
demerger or amalgamation
In case of any demerger or
amalgamation of two or more than two companies occurs according to the verdict
of the tribunal or high court, it is
incumbent on the transferee to get registered and
here is no need of GST apply online.
Procedure needed for GST Registration
There are certain details to be given
before applying for registration as given
below:
Mobile number, PAN, State or UT,
e-mail address, reference number, also application, specified documents, GST
REG 01.
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Created on Mar 9th 2018 05:04. Viewed 455 times.