Who should register for GST

Who should register for GST? There are two categories of GST registration requirements under GST – turnover criteria and mandatory registration.

Threshold limit for GST registration has been extended from 20 lacs to 40 lacs wef from 1^st April 2019

Notification 10/2019 – Central Tax dated 7^th March, 2019, effective from 1^st April, 2019, prescribes that if following two conditions are satisfied, it is not required to obtain GST registration –

1. Person is engaged in supplying of goods; and
2. Aggregate turnover of the person in the financial year is less than INR 40 Lakhs.

However, following categories of supplier of goods are required to obtain the GST registration irrespective of their turnover –

• Supplier who are required to obtain compulsory registration u/s 24
• Supplier engaged in undertaking intra-state supplies in the specified states;
• Supplier who is voluntarily registered under the GST Act and is willing to continue their GST registration;
• Supplier engaged in supplying of following specified goods –

1. Turnover criteria for GST Registration till 31st March 2019

One of the criteria for GST registration is the turnover of the business.  Businesses are required to be registered under GST law if:

•         The annual turnover exceeds INR 10,00,000 (10 Lakhs) for Special Category States; and
•         The annual turnover exceeds INR 20,00,000 (20 Lakhs) in all other cases

Special Category States include all the

1. Tripura,
2. Nagaland,
3. Mizoram,
4. Manipur,
5. Meghalaya,
6. Arunachal Pradesh,
7. Assam,
8. Sikkim,
9. Himachal Pradesh,
10. Uttarakhand and
11. Jammu & Kashmir.

2. Mandatory registration criteria under Who should register for GST

Those business who do not qualify under the turnover criteria are registration to obtain a mandatory registration under GST if they fall under any of the following categories:

•         Inter-state supplies
•         Casual taxable persons
•         Non-Resident taxable persons
•         Agents of supplier & Input service distributor
•         Persons liable to pay tax under reverse charge mechanism
•         e-commerce aggregators
•         Persons supplying via e-commerce aggregators
•         Persons liable to comply with TDS/ TCS provisions
•         Person supplying online information and database access or retrieval services (‘OIDAR’) from a place outside India to a person in India
•         Persons having Service Tax/ VAT/ Central Excise registration
•         Transferee in case of a business transfer
•         Successor in case of a business succession

FAQ on Registration by GST

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Benefits of GST Registration