Registration under GST

Registration Procedure & description under GST Regime.

1. GOODS AND SERVICES TAX ( GST ) A Presentation by RISHAB MALIK Email : [email protected] Mob- 8750247665

2. Registration requirement Supplier of goods and services with Aggregate Turnover over Specified limit As per section 22 of CGST Act 2017, every supplier shall be liable to be registered under this act in the state from where he makes a taxable supply of goods or services if his aggregate turnover in a financial year exceeds Rs . 20 lakh [ Rs.10 lakhs in case of special states(north east) including S ikkim].

3. The taxable threshold shall include all supplies made by the taxable person, whether on his own account or made on behalf of all his principals . The supply of goods, after completion of job-work, by a registered job-worker shall be treated as the supply of goods by the “principal”, and the value of such goods shall not be included in the aggregate turnover of the registered job worker .

4. Persons registered under earlier Law {Sec – 22(2)} Every person who, on the day immediately preceding the appointed day (i.e. Introduction of GST), is registered or holds a license under an earlier law, shall be liable to be registered( i.e migration) under GST with effect from the day on which GST implement.

5. PERSON NOT LIABLE TO REGISTERATION (SEC -23) Any person engaged exclusively in the business of Supply of goods or services or both That are not liable to tax or Wholly exempt from tax under GST & An Agriculturist

6. Compulsory Registration without threshold limit (Sec – 24)   Persons making any inter-state taxable supply. Casual taxable persons. Persons who are required to pay tax under reverse charge. Non-resident taxable persons. Persons who are required to deduct tax / collect tax at source. Electronic commerce operator. Input service distributor.

7. Persons who supply goods and/or services on behalf of other registered taxable persons whether as an agent or otherwise. Persons who supply goods and/or services through electronic commerce operator( eg : Flipkart,amazon etc.) Person supply services of online information and database access or retrieval from outside I ndia to a unregistered person in India. Such other person or class of persons as may be notified by the central government or a state government on the recommendations of the council.

8. Registration Requirements  Every person who is liable to be registered shall apply for registration in every such state in which he is so liable within 30 days from the date on which he becomes liable to registration. Casual taxable person or a non-resident taxable person shall apply for registration at least 5 days prior to the commencement of business.

9. Procedure for registration Person who is liable to be registered under GST shall, before applying for registration, declare his permanent account number (PAN), mobile number, e-mail address, state or union territory in Part A of FORM GST REG-01 o n the common portal . On successful verification of the pan, mobile number and e-mail address, a temporary reference number shall be generated and communicated to the applicant on the said mobile number and e-mail address.

10. Using that Reference number received by applicant on their email or mobile address, the applicant shall electronically submit an application in Part B of FORM GST REG-01, along with documents specified in the said form, duly signed by Digital Signature or Electronic Verification Code(EVC), at the common portal. On receipt of an application, an acknowledgement shall be issued electronically to applicant in FORM GST REG-02.

11. Procedure for registration PAN based GSTIN   – each taxpayer will be allotted a state wise pan-based 15-digit goods and services taxpayer identification number (GSTIN ) in FORM GST REG-06. First 2 digits will be state code. Next 10 digits will be income tax PAN. 13th digit will be entity code. 14th digit will be blank for future use. 15 the digit will be  check digit . For obtaining registration, all the taxable persons shall interact with tax authorities through a common  portal  called GST common portal .

12. GST MigRATION If the person, other than an input service distributor, is registered under an earlier law, it shall not be necessary for him to apply for fresh registration under this section and he shall follow the procedure as follows : Provisional ID shall be generated by s ales and service tax department and available on assesse’s online id of relevant departments. By using this ID assesse can registered himself on GST Portal through mobile or email verification.

13. After registration on GST portal and after providing all the information & documents as required on the portal, assesse can migrate himself in GST.

14. Taxable persons having multiple business verticals   A person having multiple business verticals in a state may obtain a separate registration for each business vertical. “Business vertical”  means a distinguishable component of an enterprise that is engaged in supplying an individual product or service or a group of related products or services and that is subject to risks and returns that are different from those of other business verticals

15. For example- if A ltd. Is manufacturing shoes in K anpur and A llahabad. Only one GSTIN. Will be allotted for both K anpur an A llahabad. M/s A ltd cannot take separate registration under GST for K anpur and A llahabad. But if m/s A ltd. is manufacturing shoes in K anpur and Clothes in A llahabad unit, then M/s A ltd. has the option to take separate registration for K anpur & A llahabad unit.

16. Registration by non-resident taxable person A non-resident taxable person may be granted registration under on the basis of Self-attested copy of his (other than income tax PAN) valid passport, for registration, duly signed or verified through EVC, in FORM GST REG-09, at least five days prior to the commencement of business.

17. Voluntary registration   A person, though not liable to be registered, may get himself registered voluntarily, and all provisions of this act, as are applicable to a registered taxable person, shall apply to such person under GST Act.

18. Registration by proper officer without application   Where a person who is liable to be registered under this act fails to obtain registration, the proper officer may, proceed to register such person Submit an application electronically in FORM GST REG-12, duly signed or verified through EVC.

19. Amendment of registration under GST Every registered taxable person shall inform the proper officer of any changes to be done within 15 days of such change. Changes has to be done online through an application in FORM GST REG – 14 along with documents related to change. The proper officer may, approve or reject amendments in the registration particulars . The proper officer shall give proper notice and opportunity of being heard before rejection amendment. Any rejection or approval of amendments under the CGST act/SGST act shall be deemed to be a rejection or approval of amendments under the CGST act/SGST act .

20. Cancellation of GST registration The proper officer may cancel the registration on the death of the registered taxable person by himself or on the basis of application made by legal heir. Suo motu cancellation of registration under gst  - if tax return has not been furnished for three consecutive tax periods opting composition scheme. taxable person, other than a person opted for composition scheme, failed to furnish returns for a continuous period of six months.

21. who has taken voluntary registration and not done business in six months from date of registration. Registration obtained by fraud . Proper notice and hearing to be provided before cancellation of registration . Liability continues despite cancellation of registration  Cancellation under SGST means cancellation under CGST and vice versa.  

22. Q & A

23. Thank You RISHAB MALIK Mob. [phone] Email- [email protected]