1. Who is exempted from requirement to get GST Registration?
GST Registration is not mandatory for persons who:
Supply agricultural produce from cultivation.
Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or
services.
Make supplies which are entirely covered under reverse charge.
2. Can a person get voluntarily registered under GST even though he is not
liable?
Yes, a person can get registered voluntarily under GST in terms of sub-section
(3) of section 25.
3. Is cancellation of GST Registration Certificate possible?
Registration can be cancelled in 2 scenarios:
When the taxable person wishes to voluntarily cancel his GST registration.
When the proper officer, on default by the taxable person, moves to cancel the
GST registration his own motion. This may be when the person is not doing
business from his declared registered place of business or if he issues tax
invoice without making the supply of goods or services.
4. Is amendment in GST Registration Certificate possible?
A taxable person can on his own, at the common portal, make amendments in
some information without prior approval like e-mail IDs, mobile numbers etc.
But in the case of following changes he will have to apply for amendment within
15 days:
Legal name of the business.
State of place of business or additional place of business.
This will be approved within the next 15 days.
5.What is Aggregate Turnover?
Aggregate Turnover is the total value of :
Taxable supplies including exports and inter-state supplies
(excluding inward supplies on which tax is payable on reverse charge basis).
Exempt supplies
It is to be checked for each PAN holding person or entity for supplies made on all-India basis.
6.Can I apply for a single central GST registration if I have branches in different states?
Aggregate Turnover is the total value of :
No, there is no concept of a central GST registration. Every PAN holder will have
one GSTIN per State.Therefore, an entity having its branches in more than one
state will have to take separate state wise registrations for each of its branches
in different states even if they hold a single PAN.
7.Do I have to take separate GST registrations for multiple branches within the
same state?
An entity will have a single registration in each state for each PAN. Therefore,it can list only one place as its principal place of business and show all the other branches as additional places of business in that state. However, an entity can obtain separate registrations if in case it has separate business verticals within the state.
8.Who is a Casual taxable person?
A Casual taxable person is one who has a registered business in some State in India, but wants to effect supplies from some other State in which he is not having any fixed place of business. Such person needs to register in the State from where he seeks to supply as a Casual taxable person.
9.Who is a Non-Resident taxable person?
A Non-Resident taxable person is one who is a foreigner and occasionally wants
to effect taxable supplies from any State in India, and for that he needs GST
registration.
10.What are the provisions related to registration for Casual Taxable Person
and NonResident Taxable person?
They have to apply for registration at least 5 days in advance before making any
supply.The Registration Certificate issued is valid for a period of 90 days which
can be extended. Further,they are granted registration or extension of period
only after they deposit estimated tax liability.
11.What is composition scheme?
TComposition scheme is introduced for small tax payers to reduce the
compliance burden on them.
File summarized returns on a quarterly basis instead of multiple monthly
returns.
Pay tax only to a maximum of 2% for manufacturers, 5% for restaurant service
sector and 1% for other suppliers.
Cannot collect any tax from or issue tax invoice to customers.
Cannot avail input tax credit.
12.Am I eligible for registration under composition scheme?
Only those persons who fulfill all the following are eligible to apply for
composition scheme.
Deals only in intra-state supply of goods (or service of only restaurant sector).
Does not supply goods that are not leviable to tax.
Has an annual turnover below 1.5 Crores in preceding financial year.
Shall pay tax at normal rates in case he is liable under reverse charge
mechanism.
Not supplying through e-commerce operator.
Not a manufacturer of – ice cream, pan masala or tobacco (and its substitutes).
13.How can I register for the Composition Scheme?
You need to file an online application to opt for Composition Scheme.
Taxpayers who can opt for this scheme can be categorized as below:
Migrated Taxpayers: Any taxpayer who has migrated from earlier laws and has
been granted provisional registration certificate can file an application under
Form GST CMP-01 and further details in Form GST CMP-03 within 30 days after
1st July 2017
New Taxpayers:Any person who is liable to register under GST Act after 1st July
2017 can file Form GST REG-01 and choose his option to pay composition
amount in the New Registration application.
Existing Taxpayers:Any taxpayer who is registered as normal tax payer under
GST regime shall file an application under Form CMP-02 to opt for Composition
Scheme at least 7 days prior to the commencement of financial year for which
the option to pay tax under composition
is exercised..
14.What if I am required to register under TDS and TCS Provisions?
Due to deferment in notifying the applicability of TDS and TCS (e-commerce
operator) provisions under GST, Registration for the same will open from 25th
July 2017.
15.Who is an ISD? Will ISD require a separate registration?
ISD means Input Service Distributor. It is like a head office that receives the tax
invoices of input services and then further distributes the credit of tax paid by it
to its units proportionately.The ISD registration is different from the normal
registration for the taxpayer.