#returns filing

WHO ARE LIABLE TO GET REGISTERED UNDER GST REGIME?

The following are to get registered under GST regime

Any business whose turnover in a financial year exceeds Rs.20 lakhs (For North Eastern and hill states if the limit exceeds Rs.10 lakhs). [If the turnover is supply of exempted goods/services only, which are exempt under GST, this clause is not applicable.]

Every person who is registered under an earlier regime (i.e. to say, Excise, VAT, Service Tax etc.) needs to get registered under GST.

When a business which is registered has been transferred to someone/demerged, the transferee (the person to whom the business is transferred) shall take registration with effect from the date of transfer to him.

Anyone who does inter-state supply of goods.

Casual taxable person – A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business

Agents of a supplier.

Those paying tax under the reverse charge mechanism (RCM).

Input service distributor - an office of the supplier of goods/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with same PAN.

Aggregator or E-commerce operator.

Person who does supplies via an e-commerce aggregator

GST Registration and GST Return

GST is a single tax on the supply of goods and services (as opposed to the previous regime, where goods & services were separately taxed by state government and the center government), right from the manufacturer to the consumer.

A 'taxable person' under GST, is a person who carries on any business at any place in India and who is registered or required to be registered under the GST Act(s). Any person who engages in economic activity including trade and commerce is treated as taxable person.

GST is a single tax on the supply of goods and services (as opposed to the previous regime, where goods & services were separately taxed by state government and the center government), right from the manufacturer to the consumer.

A 'taxable person' under GST, is a person who carries on any business at any place in India and who is registered or required to be registered under the GST Act(s). Any person who engages in economic activity including trade and commerce is treated as taxable person.

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