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GST Act 2016, REGISTRATION

GST Act 2016, REGISTRATION - Goods and Services Tax - GST - By: - CA Akash Phophalia - Dated:- 18-6-2016 - 1. Background Model GST law provides for registration of various persons in different situations. This article aims at enlightening readers abo .....

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in the State form where it makes a taxable supply of goods or services if its aggregate turnover in a financial year exceeds ₹ 9 lacs. However, this limit is ₹ 4 lacs for the persons conducting business in NE states including Sikkim. Her .....

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the CGST Act, SGST Act and the IGST act, as the case may be. But aggregate turnover does not include the value of supplies on which tax is levied on reverse charge basis and the value of inward supplies. 3. Persons requiring registration Following a .....

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reverse charge (d) Non resident taxable persons (e) Persons who are required to deduct tax under section 37 (TDS) (f) Agents (g) Input service distributor (h) Supply of goods or services through electronic commerce operator, other than branded servi .....

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of goods of services if its aggregate turnover in a financial year exceeds ₹ 9 lacs. (m) Supplier liable to be registered where it makes a taxable supply of goods of services if its aggregate turnover in a financial year exceeds ₹ 4 lacs. .....

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ion more clear - Situation Nature of supply Registration required 1 Taxable inter-state supply Yes 2 Exempted inter-state supply No 3 Intra-state supply (upto ₹ 9 lacs) No 4 Intra-state supply (exceeding ₹ 9 lacs) Yes 5 Intra-state supply .....

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personal use Yes 10 Non-resident persons Yes 11 Persons required to deduct TDS providing intra state supply upto ₹ 9 lacs Yes 12 Input service distributor Yes 13 Agent or the like Yes 14 Intra-state supply upto ₹ 9 lacs As an agent Yes 15 .....

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aggregate turnover exceeds ₹ 10 lacs. 5. Time limit for registration Person liable to take registration under this act shall be liable to take registration within thirty days from the date on which he becomes liable to registration. Input servi .....

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