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Multiple registrations in same state/union territory are now reality.

Goods and Services Tax - GST - By: - Ramandeep Bhatia - Dated:- 2-2-2019 - INTRODUCTION: In the GST regime, taxpayers have been shifted from the centralized registration (as was in service tax) to State centralized registration. There was off course option of business vertical which was allowed only on some restrictive purposes where the business line is subject to different risk and reward. There has been continuous demand from the industry especially from sectors which works in a standalone en .....

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a separate registration for each such place of business, subject to such conditions as may be prescribed. . Impact The word Business vertical has been removed. Meaning in case the person chooses to have branches which would not come under the scope of the definition of Business vertical can still have multiple registrations in the same state. Amendment of Rule 11 vide the Central Goods and Services Tax (Amendment) Rules, 2019 Rule.1 Separate registration for multiple places of business within a .....

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s; He can opt composition scheme for all place of business or all places under normal tax payment scheme including the place of supply for which separate registration is obtained. . He cannot opt simultaneously for both for two different place of business. (c) all separately registered places of business of such person shall pay tax under the Act on the supply of goods or services or both made to another registered place of business of such person and issue a tax invoice or a bill of supply, as .....

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ule 11 and who intends to transfer, either wholly or partly, the unutilised input tax credit lying in his electronic credit ledger to any or all of the newly registered place of business, shall furnish within a period of thirty days from obtaining such separate registrations, the details in FORM GST ITC-02A electronically on the common portal, either directly or through a Facilitation Centre notified in this behalf by the Commissioner: Provided that the input tax credit shall be transferred to t .....

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100.00 CR and out of those total assets in the books of branch Pune is INR. 30.00 CR. Hence the total utilised ITC to the extent of 30% can be transferred to the Pune separate registration via form GST ITC -02A which needed to be filled within 30days of separate registration. The newly registered person (transferee) shall, on the common portal, accept the details so furnished by the registered person (transferor) and, upon such acceptance, the unutilised input tax credit specified in FORM GST I .....

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treated is a distinct person and any inter unit/place/establishment supply of goods or services will be treated as supply even without consideration. Thus a need of cross charge for the same may arise, which was earlier required in case of interstate supply between units/business places/ establishments. Conclusion The option for the separate registration for a separate place of business in the same state or in same union territory is optional and it needs to be exercised with care, since it crea .....

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