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GST : 10 POINT SERIES ON COMPULSORY REGISTRATION

Goods and Services Tax - GST - By: - Puneet Agrawal (Athena Law Associates) - Dated:- 25-10-2016 Last Replied Date:- 27-10-2016 - Compulsory Registration 1. Schedule III of the CGST Act/ SGST Act list out the person who are compulsorily required to get themselves registered. In the following paras we are analyzing the said list. 2. Every supplier is liable to be registered in the state from where he makes a taxable supply of goods and/or services if his aggregate turnover in a financial year exc .....

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basis and the value of inward supplies · For the purpose of registration aggregate turnover shall include all supplies made by taxable person, whether on his own account or made on behalf of all his principles. 4. Thus If a person s aggregate turnover is ₹ 20 Lakh out of which ₹ 18 Lakh is non‑taxable and 2 lakh is taxable then also he is required to obtain registration. However he is required to obtain registration only in those states from where taxable supplies are m .....

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stration. Not liable to tax means that the supplies are outside the levy itself. This phrase will not cover the supplies, which are otherwise taxable but declared as exempt by way of schedule or exemption notification issued under Section 10 of SGST Act/ CGST Act. 7. Every person who, on the day immediately preceding appointed day, is registered or holds a license under an earlier law, then he is liable to obtain registration with effect from appointed date. In the draft Act, definition of earli .....

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tions involving supply of goods and/or services in the course or furtherance of business whether as principal, agent or in any other capacity, in a taxable territory where he has no fixed place of business); - persons who are required to pay tax under reverse charge; In case of reverse charge a person is required to take registration in each state where he is receiving goods/ services on which reverse charge apply - non-resident taxable persons; - persons who supply goods and/or services on beha .....

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