Who Needs to Register for GST in India

Who Needs to Register for GST in India

A ‘taxable person’ under GST, may be a one that carries on any business at anywhere in India and who is registered or required to be registered under the GST Act. a person who engages in economic activity including trade and commerce is treated as a taxable person.

‘Person’ here includes individuals, HUF, company, firm, LLP, an AOP/ BOI, any corporation or Government company, body corporate incorporated under laws of a far off country, co-operative society, agency , government, trust, a man-made juridical person.

Below mentioned are the kinds of taxable people that need to do GST registration:

  • The One who makes an inter-state taxable supply
    The business holder who supplies goods or services from one state to a different comes under inter-state supply and that they need to register GST registration.
  • Casual taxpayer
    The business holder who occasionally supplies goods and services and doesn’t have a selected business place has got to apply for GST in India.
  • The one who pays tax under reverse charge
    For most goods and/or services, the liability for payment of tax rests with the supplier. However, in some cases, the liability to pay tax (GST) would rest with the recipient of the products or services, rather than the supplier are referred to as Reverse charge.
  • Non-resident taxable person
    A Non-resident taxable person is a person who occasionally supplies goods or services to recipients in India, but who has no fixed place of business or residence in India. All non-resident taxable persons are mandatorily required to get GST registration, regardless of aggregate turnover criteria.
  • Input Service Provider
    Input Service Distributor means a supplier of products or services which receives tax invoices for the receipt of input services and issues a prescribed document for the needs of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services.
  • E-commerce operator
    Electronic commerce is that the supply of products or services, including digital products over a digital or network . An electronic commerce operator is a person who owns, operates or manages a digital or electronic facility or platform for electronic commerce. All electronic commerce operators are mandatorily required to get GST registration, regardless of turnover.

GST Registration for people
An individual is that the one who is registered or is susceptible to be registered under the law would be a taxable person in GST. an individual would be susceptible to be registered under the law under two categories:

  • A person who is susceptible to be registered mandatorily.
  • A person susceptible to be registered provided an aggregate turnover of supply of products or services or both exceeds the edge limit.

Generally, an individual is susceptible to pay tax on the availability of products or services made by him

Is GST registration mandatory for Service Providers
Service sectors are the backbone of India’s economy, therefore GST implementation has brought various changes for them. Service providers in India need to register under GST once they fall into specific criteria.

  • Interstate and Intrastate Service provider
    When a service provider has operations in one state then it’s Intrastate Service Provider and GST goes to be excellent because without an excessive amount of compliance burden it tends to urge more input-tax credits.
  • Threshold limit for GST registration
    The one who supplies goods from one place to a different with the annual turnover of rupees 40 lakhs and therefore the one who supplies services from one place to a different with annual turnover of rupees 20 lakhs requires GST registration