Registration Under GST (Grade A)

Summary:

The registration procedure under GST requires suppliers of taxable goods or services to obtain a unique identification number from the tax authority, allowing for proper accounting of taxes and authorized collection of GST. Liable parties include those with a turnover exceeding a certain threshold or registered under earlier laws. Certain parties are exempt from registration, while others are required to register, including non-resident taxable persons and electronic commerce operators. The registration process involves the submission of an application and accompanying documents, examination by the proper officer, and issuance of a certificate of registration. Changes to registration details can be made through an amendment process, while cancellation may occur voluntarily or by the proper officer due to non-compliance. Cancellation does not affect the liability to pay taxes owed prior to cancellation. Revocation of cancellation may be requested through an application process.

Excerpt:

Registration Under GST

Registration Procedure (u/s 22 to 30)

• Supplier of taxable goods or services required to register under the Act.
• Registration means the issue of a unique identification number by the tax authority to the taxable person- proper accounting of taxes.
• Only registered persons are authorized to collect GST from consumers and deposit the same into Govt. exchequer- accountability.
• Registration enables the taxable person to carry out inter-state supply- ease of doing business.

Persons liable for registration (Section 22)

• Threshold turnover- Every supplier if aggregate turnover in a financial year exceeds twenty lakh rupees (Ten lakh rupees in special category states).
• Registered under earlier laws – A person registered under the earlier laws shall be liable to be registered under this Act w.e.f. 1.07.2017.-Central Excise Act, Service Tax, State VAT. Central Sales Tax etc.
• Transfer of business- When running a business is transferred to another person. The transferee or the successor is liable to be registered with effect from the date of such transfer or succession.