Follow Us :

As per the latest press statement, dated 15th July, 2017, eligible person is required to take registration on or before 30th July, 2017. So, pull your socks up and don’t wait for the last moment.

When a Person is required to be registered

If a person carrying out any business and have an annual aggregate turnover in the preceding financial year exceeding Rs. 20 lakhs (Rs. 10 lakhs in Special Category States), you need to register in all States/Union Territories from where you are making taxable supplies.

When a Person is not required to be registered

If a person is engaged exclusively in the supply of exempted goods or services or both.

Let’s have a quick look to the timelines for applying for registration:

Condition Cases Liable/ Non Liable Outcome
Registered under any of the existing law Migrated Liable for registration in GST regime Provisional Ids issued need to be converted to GSTIN by submitting necessary documents in 3 months (i.e. by 22nd September 2017)
Not liable for registration in GST regime Need to apply for cancellation in 30 days (i.e. by 22nd July, 2017)
Not- Migrated Liable for registration in GST regime Need to apply for registration within 30 days (i.e. by 22nd July, 2017)
Not registered under any of existing law Liable for registration in GST regime Become liable from 01/07/2017 Need to apply for registration within 30 days (i.e. by 30thJuly, 2017)
Become liable after 01/07/2017 Need to apply for registration within 30 days from becoming liable for registration

How registration in GST is a very simple process??

Taking registration in GST is a very simple process, and the comfort of the taxpayer has been kept in mind while designing the procedure. You can take registration from the comfort of your home by filing an online application on the common portal you need is a valid PAN, email id and a mobile number. Once these 3 details are verified, you will be required to furnish other details relating to your business. There is no need to submit any physical documents (unless a query is raised and documents asked for) and all necessary documents can be scanned and uploaded. If there are no queries, you will receive your registration online within 3 working days from submission of online application.

Benefits of getting registered

Prospective buyers, who are registered under GST, will prefer to buy from suppliers who are also registered under GST, as this would entitle them to the input tax credit. This also means that one is contributing his bit towards nation building, by ensuring that appropriate taxes are collected and paid to the government.

What will happen if you don’t get registered?

Neither you nor the one (a registered person) who is purchasing from you can take ITC and would also attract penalty

If you are liable to take registration but don’t get registered, you will not be able to enjoy the benefit of input tax credit. Not only you, but any registered person, purchasing from you may not be able to get the input tax credit. Not obtaining registration, though liable to do so, would also attract penalty.

All traders are requested to register at an early date without waiting for the last date.

Hope this information will help you in your Professional endeavors. For further assistance/query, feel free to write to us.

Author: C S Ekta Maheshwari is the Author of this article and is Company Secretary by profession. The Author can be reached at

Disclaimer: The entire contents of this article is solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation.. It doesn’t constitute professional advice or a formal recommendation. The author has undertook utmost care to disseminate the true and correct view and doesn’t accept liability for any errors or omissions. You are kindly requested to verify & confirm the updates from the genuine sources before acting on any of the information’s provided herein above.

What is Composition Scheme Under GST?

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Post by Date
May 2024