Registration under GST:
From 1st July, 2017 Goods and Services Tax will replace Central
and State level indirect taxes like VAT, Service tax, Excise etc.
Businesses that are registered under VAT or Service Tax need to
migrate to Goods & Services tax as per the enrolment plan of State
Governments.
It is applicable to you if your annual turnover is Rs. 20 lakh
or above. Even if it is below 20 lakhs, you will be required to register in
certain cases if you fall in the following points:
- persons making any inter-State
taxable supply;
- casual taxable persons making
taxable supply;
- persons who are required to pay
tax under reverse charge;
- person who are required to pay
tax under sub-section (5) of section 9;
- non-resident taxable persons
making taxable supply;
- persons who are required to
deduct tax under section 51, whether or not separately registered under
this Act;
- persons who make taxable supply
of goods or services or both on behalf of other taxable persons whether as
an agent or otherwise;
- Input Service Distributor,
whether or not separately registered under this Act;
- 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;
- every electronic commerce
operator;
- 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
- such other person or class of
persons as may be notified by the Government on the recommendations of the
Council.
In case of North Eastern
states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and
Tripura) and hilly regions i.e. Himachal Pradesh, Uttarakhand, Jammu &
Kashmir and Sikkim, the threshold limit is Rs. 10 lakh.
Registration formats and rules have been revised and following
is available from the below mentioned link:
Registration under GST
![Registration under GST]()
Reviewed by Author
on
May 28, 2017
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