GST Registration

GST Registration is not mandatory for persons who

• Supply agricultural produce from cultivation
• Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services
• Make supplies which are entirely covered under reverse charge

Yes, a person can get registered voluntarily under GST in terms of sub-section (3) of section 25. All the provisions will apply to him as they apply to a registered person.

Registration can be cancelled in 2 scenarios:

• When the taxable person wishes to voluntarily cancel his GST registration.
• When the proper officer, on default by the taxable person, moves to cancel the GST registration on his own motion. This may be when the person is not doing business from his declared registered place of business or if he issues tax invoice without making the supply of goods or services.

The taxable person has to apply on the common portal within 30 days. He will declare in the application, the stock held on that date, amount of dues and credit reversal and particulars of payments made towards discharge of such liabilities. If satisfied, the proper officer will cancel the registration within 30 days.

A taxable person can on his own, at the common portal, make amendments in some information without prior approval like e-mail IDs, mobile numbers etc. But in the case of following changes he will have to apply for amendment within 15 days:

• Legal name of the business
• State of place of business or additional place of business

This will be approved within the next 15 days.

Aggregate Turnover is the total value of

• Taxable supplies including exports and inter-state supplies (excluding inward supplies on which tax is payable on reverse charge basis); and
• Exempt supplies

It is to be checked for each PAN holding person or entity for supplies made on all-India basis.

No, there is no concept of a central GST registration. Every PAN holder will have one GSTIN per State.Therefore, an entity having its branches in more than one state will have to take separate state wise registrations for each of its branches in different states even if they hold a single PAN.

An entity will have a single registration in each state for each PAN. Therefore, it can list only one place as its principal place of business and show all the other branches as additional places of business in that state. However, an entity can obtain separate registrations if in case it has separate business verticals within the state.

A Casual taxable person is one who has a registered business in some State in India, but wants to effect supplies from some other State in which he is not having any fixed place of business. Such person needs to register in the State from where he seeks to supply as a Casual taxable person.

A Non-Resident taxable person is one who is a foreigner and occasionally wants to effect taxable supplies from any State in India, and for that he needs GST registration.

They have to apply for registration at least 5 days in advance before making any supply.The Registration Certificate issued is valid for a period of 90 days which can be extended. Further, they are granted registration or extension of period only after they deposit estimated tax liability.

Composition scheme is introduced for small tax payers to reduce the compliance burden on them

• File summarized returns on a quarterly basis instead of multiple monthly returns
• Pay tax only to a maximum of 2% for manufacturers, 5% for restaurant service sector and 1% for other suppliers
•  Cannot collect any tax from or issue tax invoice to customers
• Cannot avail input tax credit

Only those persons who fulfill all the following are eligible to apply for composition scheme

• deals only in intra-state supply of goods (or service of only restaurant sector)
• does not supply goods that are not leviable to tax
• has an annual turnover below 75 lakhs in preceding financial year
• shall pay tax at normal rates in case he is liable under reverse charge mechanism.
• not supplying through e-commerce operator
• not a manufacturer of – ice cream, pan masala or tobacco (and its substitutes)

You need to file an online application to opt for Composition Scheme. Taxpayers who can opt for this scheme can be categorized as below:

• Migrated Taxpayers: Any taxpayer who has migrated from earlier laws and has been granted provisional registration certificate can file an application under Form GST CMP-01 and further details in Form GST CMP-03 within 30 days after 1^st July 2017.
• New Taxpayers:Any person who is liable to register under GST Act after 1^st July 2017 can file Form GST REG-01 and choose his option to pay composition amount in the New Registration application.
• Existing Taxpayers:Any taxpayer who is registered as normal tax payer under GST regime shall file an application under Form CMP-02 to opt for Composition Scheme at least 7 days prior to the commencement of financial year for which the option to pay tax under composition is exercised.

Due to deferment in notifying the applicability of TDS and TCS (e-commerce operator) provisions under GST, Registration for the same will open from 25th July 2017.

ISD means Input Service Distributor. It is like a head office that receives the tax invoices of input services and then further distributes the credit of tax paid by it to its units proportionately.The ISD registration is different from the normal registration for the taxpayer.