Who is
required to get registered under GST?
1.
Any person who carries on any business whose turnover exceeds
threshold limit.
Threshold
limit has been proposed Rs nine lakhs of aggregate turnover in a Financial
year. (Rs. Four Lakhs if the taxable person conducts his business in any of the
NE States including Sikkim).
2.
Tax payer who is already registered under the present law (i.e.
Excise, service tax ,VAT/CST etc)
3.
Transferee of a business of registered tax payer
4.
Persons making any inter-State supply
5.
Casual taxable persons
6.
Persons who are required to pay tax under reverse charge
When is to require to get
registration?
Every person who is liable to be registered, shall apply for
registration within 30 days from the date on which he becomes liable to registration.
Where to get registration?
In every
such State in which he is so liable to pay tax.
Is separate registration is
required for a person having multiple business in a State?
A person having multiple business verticals in a State may
obtain separate registration for each business vertical , Note it is optional
as word "May" has been used.
Acceptance of registration by one means automatic approval by
other
The
grant of registration or the Unique Identity Number under the CGST Act / SGST
Act shall be deemed to be a grant of registration or the Unique Identity Number
under the SGST/CGST Act provided that the application for registration or the
Unique Identity Number has not been rejected under SGST/CGST Act.
Amendment of registration
Every
registered taxable person shall inform the proper officer of any changes in the
information furnished at the time of registration, or that furnished
subsequently. The proper officer on the basis of information furnished and
after making such inquiry as he may deem fit, approve or reject amendments in the
registration particulars in the manner and within such period as may be
prescribed:
Circumstances when Registration can be
cancelled
The
proper officer may, either on his own motion or on an application filed cancel
the registration having regard to the circumstances where,—
(a) the business has been
discontinued, transferred fully for any reason including death of the
proprietor, amalgamated with other legal entity, demerged or otherwise disposed
of; or
(b) There is any change in the
constitution of the business; or
(c) The taxable person, other than
the person registered is no longer liable to be registered under Schedule III.
Other
circumstances when Registration can be canceled
The
proper officer may cancel the registration of taxable person as he may deem
fit, where,—
(a) The registered taxable person has
contravened such provisions of the Act or the rules made there under as may be
prescribed; or
(b) The taxable person has not filed
the return for a continuous period of 6 months; or
(c) Any person who has taken
voluntary registration has not commenced business operations within 6 months
from the date of registration.