ALL >> Business >> View Article
Should A Trust Be Registered For Gst In India?
GST registration is mandatory for-
Any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states).
[Note: If your turnover is supply of only exempted goods/services which are exempt under GST, this clause does not apply.]
Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST, too.
When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
Anyone who drives inter-state supply of goods
Casual taxable person (see below)
Non-Resident taxable person (see below)
Agents of a supplier
Those paying tax under the reverse charge mechanism
Input service distributor (see below)
E-commerce operator or aggregator
Person who supplies via e-commerce aggregator
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
You might know GST Filing ...
... In India.
GST Registration by Type of Taxable Person
Every person has to apply for registration in every State in which he is liable, within thirty days from the date on which he becomes liable to registration.
Casual/ non-residents should apply at least five days before their commencement of business.
Registration number in GST will be PAN based and hence, having PAN would be a prerequisite for obtaining registration.
The assessee must obtain separate registration for each State, as registration under GST will be State-wise,
The assessee has an option to obtain a separate registration for each of the ‘business vertical’ in the same State.
Special registration for casual taxable person and non-resident taxable person (section 24)
A casual taxable person or a non-resident taxable person shall apply for registration at least five days prior to the commencement of business. Section 24 provides for special provisions relating to casual taxable person and non-resident under GST.
Casual/non-resident taxable person may obtain a temporary registration for a period of 90 days (extendable for additional 90 days).
A person who obtains registration u/s 24, will be required to make advance deposit of GST (based on his estimated tax liability).
Add Comment
Business Articles
1. Finding A Trusted Sustainability Consultant In Abu DhabiAuthor: Agile Advisors
2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors
3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review
4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals
5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo
6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan
7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun
8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie
9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort
10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd
11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo
12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals
13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene
14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog
15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller