Who is liable for GST Registration?

India is still facing early days challenges of GST. Many taxpayers are still confused with GST registration requirement. Here, we have covered who is liable for GST Registration.

• Aggregate Turnover Criteria

Any supplier of goods and/or services who makes a taxable supply with an aggregate turnover of over Rs.20 lakhs in a financial year is required to obtain GST registration. In special category states, the aggregate turnover criteria set at Rs.10 lakhs. Thus, if your turnover exceeds specified limit you are required to get yourself registered under GST.

• Mandatory GST Registration Criteria

Below persons are required to get themselves registered irrespective of the threshold limit prescribed above.

• Persons making any inter-state taxable supply of Goods.
• Casual Taxable persons making taxable supply.
• Person who are required to pay tax under reverse charge.
• Non- resident taxable persons making taxable supply.
• Input Service Distributor.
• Electronic commerce operator.
• Person supplying online information and database access or retrieval services(OIDAR) from a place outside India to a person in India, other than a registered taxable person.
• Persons who are required to deduct tax under GST.
• Person who supply goods and/or services on behalf of another registered taxable person whether as an agent or otherwise.
• Any person who is a transferee or a successor of a business, that was carried on by a person registered under GST is required to be registered under GST with effect from the date of such transfer or succession.

Still Confused? Our team is here to answer Write us at info@startup-movers.com Call: +91-94-6565-3535 (This article is authored by Waquar Ansari exclusively for publication at StartUp Movers. No content of this article can be published elsewhere without the prior permission of StartUp Movers. The entire contents of this article are solely for information purposes and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. It doesn’t constitute professional advice or a formal recommendation.)