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Registration Amendment and Cancellation under Revised GST Law

Goods and Services Tax - GST - By: - Sanjeev Singhal - Dated:- 20-12-2016 - 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 occurring of particular transaction or transaction by particular person. How the amendment in the registration could be effected and cancellation of the same. For .....

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tration [ Section -23 and Schedule -V ] Every person who is registered under the earlier law shall be issued provisional GST Number and after submission of requisite documents , Final registration shall be issued . Procedure for person those are already registered under earlier law and do not fall under the threshold limit as prescribed in Schedule -V , provisions of the same have not be laid down yet under the Revised MGL except as provided in Schedule -V . Every person who is liable to be regi .....

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necessary. Person who does not fall under Schedule -V , may apply for registration voluntarily. Person having Permanent Account Number in Income Tax Act,1961 shall be eligible for registration as aforesaid. Person who is required to deduct tax u/s 46 will required to have TAN for the registration. Non resident taxable person can take registration under the law on the basis of other documents as may be prescribed. Any specialized agency like United Nation Organization and Multilateral Financial I .....

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od 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 -V . Person making interstate taxable supply Casual taxable person Person who are required to pay tax under reverse charge Person who supply of goods or services on behalf of others RTP [ Regist .....

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ovision for Casual Taxable Person and Non Resident Taxable Person [ Sec. 24] Certificate issue to above both category shall be valid for days mentioned in the application or 90 days from the effective date of registration. which ever is earlier. But on request this period may be further extended for 90 days. Such taxable person at the time of seeking registration u/s 23 , make advance deposit of tax equivalent to the estimated liability of such person for the period of registration or extended r .....

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ortunity of being heard has been provided. Cancellation of Registration [ Section -26 ] The PO [ Proper Officer] at his own or application filed by RTP , cancel the registration as may be prescribed under the following situation: Business 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 pers .....

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ression of fact, the PO may cancel the registration with retrospective effect subject to the provision of Section 37. The liability to pay tax of RTP in situation of such cancellation shall not be effected Every RTP whose registration 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 .....

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the application , either revoke the order or reject the application. The PO can not reject the application without giving the reasonable opportunity of being heard. Q-1 What is the effective date of registration Ans: where the application has been 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 W .....

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egistration like centralized registration. Ans; No , there is no concept of centralized registration in GST. In each State where the business is operating , person has to take registration in each State as per Sec.23[1]. Q-4 Weather the registration granted to one person is permanent? Ans; yes, unless surrendered or cancelled. Q-5 What is responsibility of taxable person while supplying to UN bodies? Ans; Taxable person shall write UIN on invoice and supply as registered taxable person.[ B2B] an .....

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