Scribd Logo
Upload

Welcome to Scribd!

  • GST Registration

    Uploaded by

    JCGCFGCG
    4 views4 pages
    GST registration is compulsory for businesses whose turnover exceeds Rs. 40 lakhs per year (Rs. 10 lakhs for North Eastern states). Failure to register under GST when required constitutes an offense that can result in heavy penalties. Certain other entities are also required to register, including agents of suppliers, input service distributors, e-commerce aggregators supplying services from outside India, and those paying tax under the reverse charge mechanism. Proper GST registration is important for any business or individual engaging in activities that make it subject to GST requirements.

    Original Description:

    Original Title

    2

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    GST registration is compulsory for businesses whose turnover exceeds Rs. 40 lakhs per year (Rs. 10 lakhs for North Eastern states). Failure to register under GST when required constitutes an offense that can result in heavy penalties. Certain other entities are also required to register, including agents of suppliers, input service distributors, e-commerce aggregators supplying services from outside India, and those paying tax under the reverse charge mechanism. Proper GST registration is important for any business or individual engaging in activities that make it subject to GST requirements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views4 pages

    GST Registration

    Uploaded by

    JCGCFGCG
    GST registration is compulsory for businesses whose turnover exceeds Rs. 40 lakhs per year (Rs. 10 lakhs for North Eastern states). Failure to register under GST when required constitutes an offense that can result in heavy penalties. Certain other entities are also required to register, including agents of suppliers, input service distributors, e-commerce aggregators supplying services from outside India, and those paying tax under the reverse charge mechanism. Proper GST registration is important for any business or individual engaging in activities that make it subject to GST requirements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    GST REGISTRATION

    Person required compulsorily to get registered


    In the GST Regime, businesses whose turnover
    exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill
    states) is required to register as a normal taxable
    person.This process of registration is called GST
    registration.

    For certain businesses, registration under GST is


    mandatory. If the organization carries on business
    without registering under GST, it will be an offence
    under GST and heavy penalties will apply.
    Person required compulsorily to get registered

    Person supplying online


    Businesses with turnover information and database
    above the threshold limit of access or retrieval services
    Rs. 40 Lakhs* (Rs. 10 Lakhs Person who
    Agents of a supplier & from a place outside India to
    for North-Eastern States, J&K, supplies via e-
    Input service distributor a person in India, other than a
    Himachal Pradesh and commerce
    registered taxable person
    Uttarakhand) aggregator

    1 2 3 4 5 6 7 8

    Individuals registered Those paying tax under Every e-commerce


    Casual taxable person / Non-
    under the Pre-GST law the reverse charge aggregator
    Resident taxable person
    (i.e., Excise,VAT, Service mechanism
    Tax etc.)
    Thank You

    You might also like