GST Registrations

Who is a taxable person in GST?

A Person is registered or liable to be registered under the law would be a taxable person in GST.

Person liable to be registered provided aggregate turnover of supply of goods or services or both exceeds threshold limit.

Applicability : From 1^st  April 2019.

Aggregate Turnover :

1. For Sale of Goods :-
1. Normal Category States - Exceeds Rs.40 lakh
2. Special Category States - Exceeds Rs.20 lakh
2. For Providing Services :-
1. Normal Category States - Exceeds Rs.20 lakh
2. Special Category States - Exceeds Rs.10 lakh

Note :- Special Category States under GST    (1)Arunachal Pradesh (2)Assam (3)Jammu & Kashmir (4)Manipur (5)Meghalaya (6)Mizoram (7)Nagaland (8)Sikkim (9)Tripura (10)Himachal Pradesh (11)Uttarakhand

GST Composition Scheme also contains an option for a registered taxable person having turnover less than the limit to pay tax at a lower rate respect to certain specified conditions. ... Such option needs to be for all businesses of the taxpayers i.e., both for goods as well as services.

Applicability : From 1st April 2019

Aggregate Turnover :

1. North Eastern states & Uttarakhand - Upto 75 Lakhs
2. Rest of India - Upto 1.5 crores

Deductor is the one who is responsible for ensuring that the said amount is held back from his payment to the receiver and also remit the same to the authorities

Who could be liable to deduct TDS under GST law?

1. A department or an establishment of the Central Government or State Government; or
2. Local authority; or
3. Governmental agencies; or
4. Such persons or category of persons as may be notified by the Government.

 TDS under GST is applicable from 1^st October 2018.

 TDS rate of CGST 1%, SGST 1% in case of intra state and IGST 2% for interstate which would be required to be deducted and deposited from the payments made or credited to the supplier of taxable goods and services as notified by the Central or State Governments on the recommendation of GST Council.

GST Registration is now mandatory only for e-commerce operators who are liable to collect tax at source, as against the earlier provision of every e-commerce operator.

1. Rate of TCS is notified as 2% of net taxable supplies for intra-state supplies. (i.e 1% of CGST and 1% of SGST)
2. Rate of TCS is notified as 2% of net taxable supplies for inter-state supplies. (1% of IGST)

Non-Resident taxable person under GST is any person or business or not-for-profit who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India

Non-Resident online service provider under GST is any person or business or not-for-profit who occasionally undertakes transactions involving supply services whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India