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Registration, Amendment and Cancellation under GST Law

Goods and Services Tax - GST - By: - Sanjeev Singhal - Dated:- 8-11-2016 - It is important to understand provision of GST law that when the registration is required like at what value of turnover , kind of person covered for registration, what are the situation where registration is required without the threshold limit means after the happening of particular transaction or transaction by particular person. How the amendment in the registration could be effected and cancellation of the same. Prov .....

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scribed in Schedule-III , apply for fresh registration as may be prescribed. Currently it is ₹ 20 Lacs. Person having multiple business vertical in the State, may apply for each vertical but not necessary. Person who does not fall under Schedule -III may apply for registration voluntarily. Person having Permanent Account Number in Income Tax Act,1961 shall be eligible for registration . Non resident taxable person can take registration under the law on the basis of other documents as may b .....

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bed form with effective date. Registration or UIN shall be deemed to be granted with in such period as be prescribed unless rejected within the prescribed period. Central or State Govt. may prescribed the category of person who may be exempted from registration. Under the following circumstances , person shall be required to be registered irrespective of the threshold limit mentioned in the Schedule-III. Person making interstate taxable supply Casual taxable person Person who are required to pay .....

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axable Person Certificate issue to above both category shall be valid for 90 days. But on request this period may be further extended for 90 days. Such taxable person at the time of seeking registration u/s 19 , make advance deposit of tax equivalent to the estimated liability of such person for the period of registration. Amount deposited in 2 above shall be credited to his electronic cash ledger and shall be utilized in the manner specified in Section- 35. Amendment of Registration Every RTP s .....

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siness is discontinued, transfer of business, death of proprietor, amalgamated with other legal entity, demerged or otherwise disposed off. Change in the constitution of business Taxable person no longer required to be registered other than voluntarily registered person The PO may cancel the registration under the following situations: RTP contravened the provision of law Person paying tax u/s 8 [ composite scheme] has not filed return for three consecutive tax period. Any taxable person other t .....

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on is cancelled, pay liability by way of debit in electronic cash ledger, equivalent to the credit of input tax in respect of input held in stock of raw material, semi finished or finished goods on the day immediately proceeding to such cancellation or the output tax payable which ever is higher , as may be prescribed. In case of capital goods, taxable person shall pay an amount equal to the input taken on such goods reduced by the percentage point as prescribed or the tax transaction value of s .....

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een submitted within 30 days on which the person becomes liable to registration, effective date of registration shall be date of his liability for registration. In case of Voluntary registration, effective date shall be date of order of registration. Q-2 What is aggregate turnover? Ans: As per S.2[6] of MGL aggregate turnover include the aggregate value of All taxable and non taxable supplies Exempt supplies Export of goods and services of person having the same PAN The above shall be taken on a .....

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