GST registration is mandatory for casual taxable persons or persons making supplies through e-Commerce operators and non-resident taxable persons, irrespective of turnover limit. ‘Casual taxable person’ means anyone who occasionally undertakes transactions involving supply of goods or services or both in the course of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no particular place of business.
Turnover Limit for service providers and goods supplier for regular GST Registrations are mentioned below :-
|Aggregate Turnover*||Registration Mandatory||Applicability|
|For the supply of Services|
|More than Rs.20 lakh||Yes – For Normal Category States||Initial threshold|
|More than Rs.10 lakh||Yes – For Special Category States**||Initial threshold|
|For the Sale of Goods|
|More than Rs.40 lakh||Yes – For Normal Category States||From April 1, 2019|
|More than Rs.20 lakh||Yes – For Special Category States**||From April 1, 2019|
*Aggregate Turnover under GST =(Taxable supplies + Exempt Supplies + Exports + Inter-State Supplies) – (Taxes + Value of Inward Supplies + Value of Supplies Taxable under Reverse Charge + Value of Non-Taxable Supplies).
The above changes were proposed in the 32nd GST Council Meeting held on 10th January 2019. An option was provided to the states to opt for the new limits or continue the earlier ones (status quo).
|Normal Category States/UT who opted for a new limit of Rs.40 lakh||Normal Category States who choose status quo||Special Category States/UT who opted for new limit of Rs.40 lakh||Special Category States/UT who opted for new limit of Rs.20 lakh|
|Kerala, Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal, Lakshadweep, Dadra and Nagar Haveli and Daman and Diu, Andaman and Nicobar Islands and Chandigarh||Telangana||Jammu and Kashmir, Ladakh and Assam||Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh and Uttarakhand|
GST Composition Scheme
Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore.
CA Nitesh Rawat | nitesh.chartered @gmail.com | 8209904900