The most fundamental requirement of the tax authorities to identify taxpayers, is through their registration number. Thus, unless a person is registered under the tax regime, he can neither collect tax from others, nor can he get input credit for the tax paid by him, which can be utilized to set off his future tax liability.
Where the total taxable supply of goods and services or aggregate turnover of a supplier exceeds the following threshold limit, registration is compulsory.
|State||Threshold limit of aggregate turnover(in Rs.)|
|Special category states||10 Lacs|
|Other states||20 Lacs|
However, GST registration is compulsory for certain category of suppliers irrespective of the threshold limit. They are:
Proof of place of business like electricity bill, rent agreement
Copy of PAN of business
ID proof and photograph of authorized person of business
Copy of bank statement
Document regarding composition of business like partnership deed, MOA, AOA
Class 2 DSC
GST return for one quarter
having more than 50 transactions at a time
Class 2 DSC
GST return for one quarter
Every person (other than casual tax payer and non- resident taxable person) must apply for registration within 30 days from the date on which he becomes liable to obtain registration.
Turnover of one person having same PAN (includes even if supply made on behalf of other person) shall be combined to determine the aggregate turnover.It includes:
Even if aggregate turnover exceeds the threshold limit, the supplier is not required to obtain GST registration in case where such turnover exclusively consists of supply of non-taxable or wholly exempt goods or services.
Any agriculturist, to the extent of supply of produce out of cultivation of land.
Person making only reverse charge supply.
Casual taxable person making supply of handicraft goods (only where the aggregate turnover is less than the threshold registration limit)
Before GST, the manufacturer of goods had to obtain multiple registrations. One, under Central Excise Laws in case he is a manufacturer, and then further under VAT if trading in goods or Service Tax if engaged in providing services. However, under GST, the registration process is simple- i.e., just one registration per state, i.e., if a business entity has its branches in multiple States, then it will have to obtain registration for each branch in their respective states. In addition, there is no need for the taxpayer to obtain a separate registration under central government, i.e. single registration for all taxes- CGST, SGST/UTGST, IGST and cesses. So, the tax payers need not keep track of multiple registration numbers under Central registration and state registration for various indirect tax laws- just one GSTN* [unless the registration for multiple states obtained]. In short, GST is a PAN based and state specific tax.
|STATE CODE||PAN||ENTITY CODE||CHECK SUM CHARACTER|
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