GST Registration

A person who is engaged in supply of goods and services is required to take registration in accordance with the provisions of GST. A person who crosses the minimum threshold limit is required to obtain the GST Registration and supposed to comply with the provisions of this Act.

A person whose turnover cross the threshold limit of Rs. 40 lakhs comprising taxable as well as exempted goods and Rs. 20 lakhs comprising taxable and exempted services is required to take GST Registration. However, if a person is exclusively engaged in the supply of exempted goods or services, in that case he is not required to obtain the GST Registration.

The threshold limit to obtain registration in specified states is Rs. 20 lakhs in case of supply of goods and services.

There are certain scenarios wherein a person is required to obtain mandaroty registration irrespective of the turnover of such person.

1. Interstate Supply– Persons making any inter-State taxable supply;
2. Casual Taxable Person: Casual taxable persons making taxable supply;
3. Reverse Charge Mechanism: persons who are required to pay tax under reverse charge;
4. Supplies of Services through E-Commerce: Persons who are required to pay tax under sub-section (5) of section 9;
5. Non Residents: non-resident taxable persons making taxable supply;
6. Tax Deduction at Source: Persons who are required to deduct tax under section 51, whether or not separately registered under this Act;
7. Agents or Intermediary: persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise;
8. Input Service Distributor: Person willing to transfer credit to distinct entities.
9. Supplier through E Commerce Operator: Persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52;
10. E Commerce Operator: Every electronic commerce operator who is required to collect tax at source under section 52;
11. E Commerce Operator: Supplier of Online Database Services: every person supplying online information and data base access or retrieval services from a place outside India to a person in India, other than a registered person; and

A tax payer can opt to pay tax by opting for composition scheme instead of paying tax under regular scheme. Any taxpayer whose turnover is less than Rs. 1.5 Crore can avail this facility. Tax payer registered as composition dealer can pay a flat GST rate as prescribed provided they are not allowed to claim input tax credit on the goods or services availed by them.