For ensuring the tax compliance, registration is the most fundamental requirement for identification of taxpayer. GST is a indirect tax and it means Goods & Service tax. GST is a value added tax levied on supply i.e., manufacture or sale of goods and provision of services. GST is a PAN based registration.
This document covers
Every supplier of goods or services or both is required to obtain registration in the state or union territory from where he makes the taxable supply if his aggregate turnover exceeds specified threshold limit in a financial year.
In a fiscal year, the threshold limit for GST registration is Rs 20 lakhs / 40 lakhs. However, in certain states, the registration fee is reduced to Rs 10 lakhs.
|States||Nature of Supply||Threshold limit|
|Supplier of goods and/or services||Rs 10 lakhs|
|Supplier of goods and/or services||Rs 20 lakhs|
|Supplier of services/both goods and services||Rs 20 lakhs|
|Supplier of goods (Intra State)||Rs 40 lakhs|
Aggregate turnover is a crucial parameter to avail the benefit of threshold exemption for registration. The word Aggregate turnover
INCLUDES the following
EXCLUDES the following
The above threshold of Rs 40 lakhs is not applicable to the following cases
Note: A person is required to take GST registration from the place where he is making the taxable supply. He is not required to take registration in a state or union territory from where he makes a exempt or non-taxable supply
Earlier, Regular GST Registration is mandatory for the persons who wants to sell the goods through online portals like Amazon, Flipkart etc
W.e.f 1st Oct 2022, Unregistered persons and Composition taxpayers with turnover of Rs 1.5 crores can sell the goods through e commerce operators like Amazon, Flipkart, Snapdeal etc. But the unregistered persons and composition taxpayers can make only Intra State supply of goods (within State)
Note 1: If the taxpayer wants to have separate registrations for various branches in same state, he can apply for the same.
Note 2: If the taxpayer is paying tax for one of his place of business under normal scheme, he is not eligible to pay tax under composition scheme for other place of business
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