Requirement for Registration

• A business entity that is currently registered under any of the existing tax regimes including:-
  • Central Excise duty
  • Service Tax
  • State VAT
  • Central Sales Tax
• But if a business doesn’t have any existing registration, then it needs to get registered if Seagate tuggrrnover in any financial year exceeds the threshold limit (Rs. 20 lakhs).

• Every person who makes a supply from the territorial waters of India.

Explanation: GST Registration will be a single PAN-based registration in one State or Union territory, but a person having multiple business verticals in one state or businesses in multiple states has to get a separate registration for each such business.

This process is however mandatory for certain people that are listed below:

• Persons making any Inter-State taxable supply (e.g. from Delhi to Maharashtra)
• Casual Taxable person (No fixed place where GST is applicable)
• Non-resident Taxable person (No fixed place in India)
• Persons who are required to pay tax under Reverse Charge
• Persons who are required to deduct tax at source
• Agents of a supplier
• Input Service Distributor
• Persons who supply goods or services through E-commerce Operator
• E-commerce Operator/ Aggregator who supplies services under his brand name (e.g. Flipkart, Amazon).
• 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.
• Any Specialized Agency of the UN or any Multilateral Financial Institution

REFER LEGAL RASTA SIMPLY

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