Registration under GST

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:

1. persons making any inter-State taxable supply;
2. casual taxable persons making taxable supply;
3. persons who are required to pay tax under reverse charge;
4. person who are required to pay tax under sub-section (5) of section 9;
5. non-resident taxable persons making taxable supply;
6. persons who are required to deduct tax under section 51, whether or not separately registered under this Act;
7. 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, whether or not separately registered under this Act;
9. 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. every electronic commerce operator;
11. 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
12. 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:

http://www.cbec.gov.in/resources//htdocs-cbec/gst/registration1-gst-formats-17052017.pdf

http://www.cbec.gov.in/resources//htdocs-cbec/gst/Rgstration-rules-17052017.pdf