PHONE : + 91 984 572 1255

PHONE : + 91 984 572 1255

EMAIL : contact@balakrishnaandco.com

EMAIL : contact@balakrishnaandco.com

Goods and Service Tax




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GST Registration under Goods and Service Tax Act

 

Who needs to register under GST?

Besides existing taxpayers who are registered under Central Excise, Service Tax, VAT, CST, Entry Tax, Luxury Tax, Entertainment tax, etc., every person having a turnover exceeding the below limits is required to be registered under GST:

  1. For North East states and Jammu and Kashmir – Rs. 10 Lakhs or above
  2. For the rest of India – Rs. 20 lakhs or above

 

Further, the following categories of persons are required to get themselves registered under GST, regardless of the turnover:

 

  1. Persons making any inter-State supply of taxable goods / services
  2. Casual taxable person i.e., a person who occasionally undertakes transactions in a taxable territory where he has no fixed place of business.
  3. Persons who are required to pay tax under reverse charge.
  4. Persons who are required to pay tax under section 8(4).
  5. Non-Resident taxable persons.
  6. Persons who are required to deduct/collect tax under the GST regime.
  7. Persons who supply goods and/or services on behalf of other taxable persons whether as an agent or otherwise.
  8. Input service distributor.
  9. Persons who supply goods and/or services, through electronic commerce operator who is required to collect tax at source.
  10. Every electronic commerce operator.
  11. Every person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.
  12. Any other notified person.

 

Additional points –

 

  1. GST registration is required to be obtained for each state from where taxable supplies of goods & Services are being made.
  2. A person whose turnover is less than Rs. 50 Lakhs per annum can opt for Composition

Contact Us at:

Balakrishna & Co, Chartered Accountants in Bangalore

No. 24, 10th Cross, Wilson Garden, Bangalore 560027

Contact No:

+91 98457 21255

+91 94480 80886

Email: contact@balakrishnaandco.com

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