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As per GST Act, businesses whose turnover exceeds Rs. 40 lakhs (Rs. 20 Lakhs for North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand) is required to register as a normal taxable person. This process of registration is called GST registration.
GST Registration is mandatory for Individuals registered under the pre-GST Act, Suppliers, and Input service distributor agents, reverse charge mechanism taxpayers, E-commerce aggregators, 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.
GST registration process involves an 11 step process with the submission of many business details and scanned documents into the GST portal. We help you with our experts for your GST registration with a smooth sail completion process with expert advice on opting regular, quarterly, or composition scheme based on your business requirement.
Casual taxpayers’ GST registration is termed as temporary GST registration. According to the GST Act, “casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent, or in any other capacity, in a state or a Union territory where he has no fixed place of business.
Casual taxpayers’ GST registration is termed as temporary GST registration. According to the GST Act, “casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent, or in any other capacity, in a state or a Union territory where he has no fixed place of business.
Any individual/firm/company registered under GST has to file their monthly returns according to GST regulations on a monthly quarterly depending on the registration option during registration.
GST filing process involves GSTR-1, 2 & 3 which includes details of Purchase, Input credit on Purchase, Sales, output tax on Sales, reverse charge if applicable before stipulated due dates as per GST norms. Failing which will lead to penalties.
Cancellation of GST registration simply means that the taxpayer will not be a G5 registered person after the date of cancellation. He will not have any valid GST registered number to pay GST tax or collect GST from his customers.