Let me share provisons for registration under GST.
- Section 24 mandates the compulsory registration in certain cases.(Not withstanding the provisions of Section 22.)
- If persons making interstate Taxable Supply he shall obtain the registration , even for Rs 10/- of supply .
- On 13th oct CBEC issued a notification , by giving exemption to the interstate supply service from registration. e.g Service providers like auditors need not requires to get seperate registration. This is an exception to the point 2.
- If your a one time interstate goods supplier, then registration required under Casual Taxable Person. This considers , whether you have Fixed Place of Business or not. If you don't have , register under CTP category .
- If you are made Supply to other state , IGST (Integrated Goods and Service Tax) shall be collected instead of CGST and SGST.
- Consequences due to Above Registration :
- We Might be the person covered under the 20 lakhs slab previously .
- Due to registration you shall collect the taxes on both Interstate and Intra state supplies.
Thanks & Regards
Team Standin Professionals
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