Get More Information about GST Registration

The GST law makes it mandatory for many to apply for a GST registration. This article will cover multiple points under several different headings regarding GST registration in India.

What Is The Prescribed Threshold Limit for GST Registration?

The threshold limits of GST registration depend upon state to state. In case aggregate turnover of a person or entity is more than Rs 20 lakhs, then they would have to apply for GST registration. However, this limit for the GST registration is different for some special states like the north-eastern states of India including Sikkim and Jammu and Kashmir.

The aggregate annual turnover here means all the taxable and the non-taxable supplies along with the exports of goods and services of a person that’s having the same PAN. The aggregate annual turnover doesn’t include all the values of the supplies on which there’s a tax levied on the basis of the concept called reverse charge basis i.e. inward value supplies.

Who Require GST Registration?

Those falling into the category of a mandatory Online GST registration under the GST act are given below:-

·         Those individuals that make an inter-state supply which is irrespective of the above mentioned threshold limit for GST registration.

·         The casual individuals that are taxable, and will be required to get their GST registration and again, irrespective of the threshold limit.

·         Also the individuals required to pay any taxes under the reverse charge.

·         All of the taxable individuals who are non-resident.

·         Those individuals that needs to do tax deduction under the section 37 for TDS

·         Those agents that work for the suppliers.

·         The individuals that are input service distributors.

·         Those who do business and supply the goods and services via the means of electronic operations like the e-commerce websites.

·         Those that are the aggregators supplying any service under some brand name or certain trademark.

There are certain situations other than the above mentioned scenarios

1.      When a supplier makes some taxable supply of goods or services and their aggregate annual turnover is more than 20 lakhs then it is required for them to apply for New GST registration in India.

2.      The same as mentioned in point 1, for the suppliers that are operating from the states of the north-east, Sikkim, Himachal and Jammu and Kashmir. But here the annual turnover will be at a threshold limit of Rs 10 lakhs.

3.      Those individuals who were already registered under the previous tax structure pre-GST.

What is The Time limit for GST registration procedure?

Those eligible for GST registration must get their registration done within the time frame of 30 days from the first day they become eligible for GST registration.

What are the other aspects of GST registration?

There needs to be always a separate GST registration for business with multiple verticals as it becomes small units of different businesses irrespective of the state they are operating in. Such an option would be open to those individuals who must have their PAN card number available for Online GST registration and in case of the non-resident individuals, a GST registration can be granted on the basis of other documents in the absence of a PAN card number and they will be allotted a unique identity number. Every person that wants to apply for GST registration must have a PAN card though.

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