GST Registration |
What if not registered |
Benefits |
Documents required |
After Registration Composition |
After Registration Normal |
Updates |
What if not registered
Separate penalties have been mentioned in GST laws for non-registration which include but not limited to the following:
Section 66 (1) (x) : Penalty of ? 10,000/-
Section 16 (2): Prohibits the eligibility for getting benefits of Input Tax Credit
Section 23: Prohibits eligibility for issuing of Tax Invoice
Section 37A: Prohibits the eligibility for Transfer of Input Tax Credit
Section 69: Detention of Goods & Conveyance
Section 70: Confiscation of Goods
Section 71: Confiscation of Conveyances
Infringement of other sections also attracts separate penalties.
GST Registration
All business which are required to be registered under GST must get themselves register within 30 days of commencement of business.
If the aggregate turnover of a business exceeds the below-mentioned limits, then the business must be compulsorily registered under GST
1. For Service Providers who belongs to
a. Normal states of India = Rs 20 Lakhs
b. Special states of India = Rs 10 Lakhs
2. For Supplier of Goods who belongs to
a. Normal states of India = 40 Lakhs
b. Special states of India = 20 Lakhs
3. Exceptions of above
a. Kerala & Telangana For Goods & Services Both = 20 lakhs
b. J&K and Assam for Goods = 40 Lakhs, For service = 20 Lakhs
Meaning under GST
i. Special States: Arunachal Pradesh, Assam, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Uttarakhand
ii. Normal States : All states other than Special Category States
However, certain category of business are required to compulsorily get registered under GST irrespective of their states or turnover
1. Inter state suppliers
2. Casual Taxable persons
3. Persons taxable under the reverse charge basis
4. Non-resident taxable persons
5. Persons required to deduct TDS under GST
6. Persons required to deduct TCS under GST
7. Input Service Distributors
8. Persons making a sale on behalf of someone else whether as an Agent or Principal.
9. Every E-commerce Operator who provides a platform to suppliers to make supply through it.
10. Suppliers who supply goods through E-commerce operator who is liable to collect tax at source.
11. Online Service Providers providing service from outside India to a non-registered person in India.
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