GST

Gyanamayee Panigrahi
Department of Management Studies
GST

Introduction to Registration under

GST
GST
Registration under GST

Under GST, registration of any business entity implies

obtaining a unique number (GSTIN) from the GST Authorities
for the purpose of collecting GST on behalf of the Central
Govt/ State Govt/ Union Territory and to avail input tax credit
on inward supplies.
Without registration, a person can neither collect tax from his
customers nor claims any input tax credit on tax paid by him.
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News Paper Link

cii: GST biggest indirect tax reform in India's history: CII Chandrajit Banerjee - The
Economic Times (indiatimes.com)
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Significance of Registration of GST

• A GST registered person is legally recognized as supplier of

goods or services
• He is legally authorized to collect taxes from his customers and
pass on the credit of the taxes paid on the goods/ services
supplied to the purchaser/recipient
• He can claim input tax credit pertaining to GST paid on inward
supply and can utilize the same for payment of taxes due on
outward supply of goods/ services
• Seamless flow of Input tax credit from suppliers to the
recipients at the national level.
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Who is liable for registration under GST

Section 22 of the Central Goods and Service Tax (CGST) Act, 2017 lists
the persons liable for obtaining GST registration –

1. Supplier engaged in the supply of goods whose aggregate turnover in

the financial year exceeds forty lakh rupees.
2. Suppliers engaged in providing a taxable supply of goods are required
to obtain GST registration in case the aggregate turnover exceeds INR
20/10 Lakhs in a financial year. ( Some special category states ie
Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland,
Arunachal Pradesh, and Uttarakhand opted for a turnover limit of Rs
20 Lakhs whilst Kerala and Telangana limit of Rs 10 Lakhs ).
3. Suppliers provide a taxable supply of services in case the aggregate
turnover exceeds 20 Lakhs in a financial year.
GST
Who is liable for registration under GST

4. For special category state: supplier engaged in providing a taxable

supply of services in case the aggregate turnover exceeds 10 Lakhs in a
financial year.
5. Persons registered under the erstwhile law, on the day immediately
preceding the appointment date.
6. The registered taxable person transfers the business to another
person on a going concern basis, whether on account of succession or
otherwise, in such case the transferee or the successor
7. Transfer of the company in the event of an amalgamation or
demerger under a high court, tribunal, or other order.
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Who is liable for registration under GST
 GST
Person not liable for registration(Sec 23)

• Engaged exclusively in making exempt supplies( Sec23(1A))

• Agriculturist
• Engaged only in making taxable supplies, GST on which is
payable by recipient under reverse charge mechanism
• Engaged exclusively in supply of goods and aggregate
turnover does exceeds Rs. 40Lakh
• Interstate taxable supply of goods
• Casual taxable person making taxable supply
• Persons who are required to pay tax on inward supply under
reverse charge mechanism
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Time limit for GST Registration

• 30 Days for Regular Person: The act states that every person
who is liable to be registered shall apply for registration in
every such State, where he is liable, within 30 days from the
date he becomes liable for registration.
• 5 Days for Casual Person: Provided that a casual taxable person
or a non-resident taxable person shall apply for registration at
least 5 days prior to the commencement of business.
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Effective Date of Registration

• If application for registration has been made within 30 days

from the day the person becomes liable for registration under
GST, then the registration shall be effective from the date on
which he became liable to be registered.
• Application after 30 days:
• If the person who is liable to get registration in GST applies
for registration after 30 days, then the effective date of
registration will be the date when the registration is
granted.
THANK YOU

Gyanamayee Panigrahi
Department of Management Studies
gyanamayee@pes.edu