4th April 2017
In June 2016, the Finance Ministry, Government of India had made public the much awaited Model GST law that happens to define a 'taxable person' and then further goes on to describe how GST will be put into force across India.
Who needs to register for GST then?
Here, 'aggregate turnover' means the sum total of all non-taxable and taxable supplies, exempt supplies and exports of goods and/or services of a person possessing a PAN, and is calculated on all India basis. It excludes taxes under the CGST Act, SGST Act and the IGST act and does not explicitly include the worth of supplies on which tax is imposed on reverse charge basis.
Who needs to register irrespective of anything?
In addition to the above classes, there are classes and categories who need to register regardless. For them, no turnover clauses apply. They are listed below.
If that makes for a complicated read, here's a table to simplify it for you:
|Nature of the supply||Registration Required?|
|Taxable inter-state supply||Yes|
|Exempted inter-state supply||No|
|Intra-state supply (up to Rs. 9 lacs)||No|
|Intra-state supply (exceeding Rs. 9 lacs)||Yes|
|Intra-state supply (up to Rs. 9 lacs) exempted Inter-state supply of any value||No|
|Casual Taxable person||Yes|
|Reverse charge – for personal use up to prescribed limit||No|
|Reverse charge – for personal use beyond prescribed limit||Yes|
|Reverse charge – Other than personal use||Yes|
|Persons required to deduct TDS providing intra state supply up to Rs. 9 lacs||Yes|
|Input service distributor||Yes|
|Agent or the like||Yes|
|Intra-state supply up to Rs. 9 lacs as an agent||Yes|
|Electronic commerce operator||Yes|
|Supply through electronic commerce operator – Branded or otherwise||Yes|
|Aggregator – supplying services||Yes|
|Intra-state supply – Exempted Rs. 5 lacs||Yes|
|Intra-state supply – Taxable Rs. 5 lacs||If the aggregate turnover exceeds Rs. 10 lacs|
So, the government clearly underlines who needs to register and who don't. Hope this article has summed it up for you but to delve further, here are a few points to note:
If you want more details about GST registration visit www.gst.registrationwala.com
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