REGISTRATION UNDER GST

COVERAGE UNDER THIS PPT  Section 19- Registration  Section 19A- Specific provision relating to casual taxable person & Non-Resident Taxable person  Section 20- Amendment of registration certificate  Section 21- Cancellation of Registration  Section 22- Revocation of cancellation of Registration  Section Transitional Provision Introduction: Registration: In any tax system this is the most fundamental requirement for identification of the business for tax purposes and for having any compliance verification mechanism. Registration of a business with the Tax authorities implies obtaining a unique identification code from the concerned tax authorities so that all the operations of and data relating to the business can be agglomerated and correlated.

REGISTRATION UNDER GST (1/2) Answers to many Questions are hereby given as follows: 1.What is Limit? Ans: Registration is required if aggregate turnover in an financial year exceeds 9 lakhs (4 lakhs FOR North-East States including Sikkim) 2. What is the meaning of turnover here? Ans: Turnover here means all supply including non-taxable supply, exempt turnover, export of goods, etc 3. Who don’t require registration? Ans: Person: i. whose turnover is below limit specified above. ii. If aggregate turnover only includes supply which are not liable to tax. 4. What is the Time-Limit for Registration? Ans: The assessee must get himself register within 30 days from the date when it become liable to Register.

REGISTRATION UNDER GST (2/2) 4. What is the scene of Registration if business is in more than 1 states ? Ans: If the business is carried out in different states, every business firm in every state need to take separate registration even if the these different firms in different states is supplying goods/service by the same business name. 5. What if the business is allready registered under existing law? Ans: There is no need to take separate registration under GST. But the assessee has to submit documents as may be prescribed within the time limit as may be prescribed. 6. What if assessee is carrying out different types of businesses in same state? Ans: The law does not make mandatory for the assessee to opt different registration for each of his business. But if the assessee want to opt different registration at his will, he can do the same. 7. Whether Voluntary Registration can be done? Ans: Yes. The assessee can take voluntary registration even if his turnover does not crosses the limit of registration as specified.

COMPULSORY REGISTRATION UNDER GST Following persons are compulsorily required to take registration under GST irrespective of their turnover limit:  Making inter-state taxable supply  Casual Taxable person  Person requires to pay tax under RCM  Non-Resident Taxable person  Person requires to deduct tax u/s 37.  Input Service Distributor  Person who supplies goods/service through electronic commerce system  Electronic Commerce operator  Aggregators who supply services under his brand name or trade name. (eg. Ola, Uber)

REGISTRATION CERTIFICATE  On Registration, Registration Certificate shall be issued within prescribed form.  Unique identity Number (UIN) is granted/issued from effective date of registration.  The person shall be Deemed to be Registered if: i. Registration is not done by Department within prescribed time. AND ii. Registration is not rejected within prescribed time by the Department for any valid clause.  The taxpayer will be allotted a State wise, PAN based, 15 digit Goods and / or services Taxpayer Unique Identification Number (GSTIN). The various digits in the GSTIN will denote the following:- State Code PANEntity Code BlankCheck Digit

CASUAL TAXABLE PERSON & NON-RESIDENT TAXABLE PERSON As per Section 19A: Casual Taxable Person & Non-Resident Taxable Person means a person who casually undertake supply in taxable territory & have no fixed place of business in India. The provisions relating to such Casual Taxable Person & Non-Resident Taxable person are as follows:  The certificate of registration issues to this person shall be valid for 90 days from effective day of such certificate.  This validity can be extended by another 2 months as per the requirement of such casual Taxable Person & Non-Resident Taxable Person.  For registration under GST, they have to make an advance Payment equivalent to estimated amount of their tax liability.  Such deposit can be utilized for payment of tax liability, penalties or interest under this Act

AMENDMENT OF REGISTRATION CERTIFICATE As per Section 20, amendment to registration certificate can be made on submission of prescribed document within prescribed time. CANCELLATION OF REGISTRATION Registration granted can be cancelled when:  The business is discontinued or transfer or in case of death of proprietor.  Change in constitution of business  When assessee is No longer liable to registration i.e. he now deals in wholly exempted or non-taxable goods/services or his turnover limit is below the limit prescribed as per Section 19.  Amalgamation of taxable person with other legal entities or de-merger

CANCELLATION OF REGISTRATION BY THE PROPER OFFICER Proper officer may cancel the registration when:  The assessee contravenes such provisions of Act or Rules as may be prescribed.  Person opting composition scheme is not furnishing return for 3 consecutive period.  Return is not furnished by the assessee for continuous period of 6 months.  In case of Voluntary registration, if the business do not commence within 6 months  Registration is obtained by means of fraud, willful misstatement or suppression of fraud.

TRANSITIONAL PROVISION Pre-GST Registration under existing law i.e. VAT, S.Tax, Excise, etc Not registered under existing law But liable to get Registration under GST LAW: Issue of Registration Certificate on Provisional Basis which will be valid for 6 Months Apply for Registration within 30 days of becoming liable to Registration as per Section 19. Liable to Reg under GSTNot Liable to Reg under GST Liable to furnish Info within prescribed time Info furnished Info not furnished Final Registration Granted Registration will be cancelled Follow the procedure as let down under Section 19 Apply for cancellation of Registration