An advance ruling helps the applicant to plan his activities in cases where he is liable to pay GST in advance. It brings certainty in determining tax liability as the...
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.