Eligibility for GST Registration
As per the GST Council, businesses having an annual turnover of Rs. 20 lakhs & above are compulsorily required to take Eligibility for GST registration under GST.
- However, there are a certain special category of states (.i.e. northeastern states and hilly areas) which are required to obtain registration if their annual turnover is Rs. 10 lakhs or above.
- Every person registered under the earlier law is compulsorily required to register under GST.
- Anyone who makes the interstate supply of goods or services.
- Casual Taxable person.
- Non-Resident Taxable person.
- The agent of the principal supplier of goods or service.
- Input service distributor.
- The person providing E-Commerce Services.
- The person providing online information or database access, retrieval services from place outside India to a person in India.
- A person liable to pay tax under Reverse Charge Mechanism
A casual taxable person is a person providing a supply of goods or services occasionally in a taxable territory but does not have a fixed place of business.
A non-resident taxable person is a person providing a supply of goods or services occasionally in a taxable territory but does not have a fixed place of business in India. The validity of registration taken by a non-resident taxable person is valid for only 90 days. It can be extended for a further 90 days for a genuine reason.
Following are exempted from taking GST Registration
- Any specialized agency of United Nations organization or any entity or financial institution notified under the United Nations Act, 1947.
- Embassy of foreign countries.
- Central government or State government or any other person as notified by GST Council.
Also, Read: What is Bill of Supply under GST?.