1. Who is liable to be registered under GST ?
Every Supplier shall be liable to be registered under GST Act if
-his aggregate turnover in a financial year exceeds the THRESHOLD Limit
-registered or who holds a license under an earlier law e.g. State Vat, Service Tax, Excise Duty etc.
-liable to be registered under Compulsory Registration
2. Time limit for Registration
The application for registration shall be made online within 30 days from the date when he becomes liable for registration. HOWEVER Existing VAT/Central excise/Service tax payers will not have to apply afresh for registration under GST.
Deemed registration after three working days from date of application.
The proper officer shall not reject the application for registration without giving a show cause notice and without giving the person reasonable opportunity of being heard.
3. Goods and Services Taxpayer Identification Number (GSTIN)
The taxpayer will be allotted a State wise PAN based 15 digits GSTIN. The various digits in the GSTIN will denote the following:-
|State Code||PAN||Entity Code||Blank||Check Digit|
|1||2||3 to 12||13||14||15|
♥ The first two digits represent the State where such registration is allowed.
♥ The second set of 10 digits would be the Permanent Account Number (PAN) allotted by the Income tax department.
The 13th digit would be alpha-numeric (1-9 and then A-Z) and would be assigned depending upon the number of registrations of an entity within the State. (A person having multiple business verticals in a State may obtain separate registration for each business vertical)
For Example:- An entity with single registration within the State would have “1” as its 13th digit of GSTIN. If the same entity goes for a second registration for a second business vertical in the same State, the 13th digit of GSTIN assigned to this second entity would be “2‟. Similarly 35 business verticals of the same legal entity can be registered within a State.
♥ The 14th digit of GSTIN would be kept BLANK for future use.
♥ The 15th Digit will be the check digit.
4. Special Features of Registration
5. Compulsory Registration under GST
Following categories of persons shall be required to take registration under GST irrespective of the threshold limits:
6. Transfer of Business and Registration
If registered person transfers business on account of succession or otherwise, to another person as a going concern then the transferee or the successor shall be liable to be registered with effect from the date of such transfer or succession.
Hence it is clear that registration certificate is not transferable.
7. Cancellation of registration
Registration granted can be cancelled in any of the following situations:-