Taxable person who must register under gst
Create GST compliant invoices and file GST returns online
A ‘taxable person’ under GST, according to sub-section (1) of Section 19 of the GST law is every individual, who holds the liability to be registered under Schedule III of the GST Act has to apply for the registration of GST within a time period of thirty days from the date on which he holds the liability to register.
Let’s simplify this, a person who carries on any business at any place in India and /or satisfies any of the below criteria needs to register for GST:
- Every person who is already registered under VAT, Service tax or excise etc.,. needs to register under GST.
- Businesses whose turnover in a financial year exceeds INR 20 lakhs (INR 10 lakhs for North Eastern and hill states), unless you supply exempted goods or services which are exempt under GST, this clause does not apply.
- A person who occasionally supplies goods or services in a territory where GST is applicable but the person does not have a fixed place of business needs to register under GST and would be treated as a casual taxable person.
- If a non-resident person supplies goods or services in a territory where GST is applicable but the person does not have a fixed place of business needs to register under GST and would be treated as a non-resident taxable person.
- Every ecommerce service provider or aggregator of ecommerce platforms
- Person/businesses who sell/supply on the e-commerce platform
- Any other online business dealing with digital goods like database etc.,. supplying from geography outside India to a person in India Every registered person in GST is expected to file regular returns. TopNotepad is a gst based accounting software for small businesses. It comes packed with gst return filing guide to help manage the returns seamlessly.
Who all are NOT liable to register under GST?
Let’s also look at those who are NOT required to obtain a GST Registration: Any person who is engaged only in the business or businesses of supplying goods or services that are not taxed under GST are exempted from GST registration.
Under GST, an agriculturist means an individual or family who undertakes cultivation of land, by own labour or by the labour of family or by servants on wages paid in cash or kind or by hired labour under personal supervision or the personal supervision of any member of the family. Such agriculturist are also exempted from GST.
Let’s simplify this, a person who carries on any business at any place in India and /or satisfies any of the below criteria needs to register for GST:
- Every person who is already registered under VAT, Service tax or excise etc.,. needs to register under GST.
- Businesses whose turnover in a financial year exceeds INR 20 lakhs (INR 10 lakhs for North Eastern and hill states), unless you supply exempted goods or services which are exempt under GST, this clause does not apply.
- A person who occasionally supplies goods or services in a territory where GST is applicable but the person does not have a fixed place of business needs to register under GST and would be treated as a casual taxable person.
- If a non-resident person supplies goods or services in a territory where GST is applicable but the person does not have a fixed place of business needs to register under GST and would be treated as a non-resident taxable person.
- Every ecommerce service provider or aggregator of ecommerce platforms
- Person/businesses who sell/supply on the e-commerce platform
- Any other online business dealing with digital goods like database etc.,. supplying from geography outside India to a person in India Every registered person in GST is expected to file regular returns. TopNotepad is a gst based accounting software for small businesses. It comes packed with gst return filing guide to help manage the returns seamlessly.
Who all are NOT liable to register under GST?
Let’s also look at those who are NOT required to obtain a GST Registration: Any person who is engaged only in the business or businesses of supplying goods or services that are not taxed under GST are exempted from GST registration.
Under GST, an agriculturist means an individual or family who undertakes cultivation of land, by own labour or by the labour of family or by servants on wages paid in cash or kind or by hired labour under personal supervision or the personal supervision of any member of the family. Such agriculturist are also exempted from GST.