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Gst registration

CA Bijay Shrestha (Never Give up....No matter what....) (858 Points)

20 April 2017

If an assessee is not registered under any current indirect tax now as he is below the threshold limit, is he required to get Provisional ID under GST ??

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24 Replies

SAURABH ZAWAR (269 Points)
Replied 20 April 2017

No..................

2 Like

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Lalit Sangani (M.Com. Asst. Manager Account) (736 Points)
Replied 20 April 2017

20 lacs is threshold limit for GST, if any assessee turnover is morethan 20 lacs he has to registered with GST.

1 Like

manoj (student) (5205 Points)
Replied 20 April 2017

But GST registration is not started yet

1 Like

CA CMA Sagar Jaiswal (Finance professional) (665 Points)
Replied 21 April 2017

Provisional id & password are releted for existing assesse not for new tax payers.

if t/o is within threshold limit then no need to do GST Registration.

1 Like

MOHD AFROZ (STUDENT) (1480 Points)
Replied 21 April 2017

Where turnover not exceeded Rs. 20 Lac per annum, No registration required. Where, turnover exceeding the limit, person liable to get registered under GST. New registration under GST not started yet.

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binay shaw (Student CA IPC / IPCC) (135 Points)
Replied 21 April 2017

DEAR SIR

IF I AM REGISTERED IN COMPOSITION SCHEME UNDER GST .SO CAN I REGISTER NOW UNDER THSES SCHEME.

I AM NEW DEALER AND MY TURNOVER LIMIT IS BELOW 20 LAKH IN A YEAR.

KINDLY INSTRUCT ME WHAT TO DO ?

1 Like

MOHD AFROZ (STUDENT) (1480 Points)
Replied 21 April 2017

Composition scheme may be adopted by the dealer where his annual turnover not exceeded Rs. 50 Lacs per annum.

1 Like

CA Bijay Shrestha (Never Give up....No matter what....) (858 Points)
Replied 21 April 2017

I think if the Turnover is not likely to cross Rs. 20 lakhs, then no registration is required.

Not even Compositiion Scheme.

shivam pandey (9 Points)
Replied 22 April 2017

how to migration of gst

binay shaw (Student CA IPC / IPCC) (135 Points)
Replied 22 April 2017

if i am register in composition scheme then any thing problem.

aur main abhi kara sakta hu registration .

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Radhakrishnan K.V. (Joint Registrar of Co-operative Societies (Rtd.)) (1072 Points)
Replied 23 April 2017

What constitute "turnover" in the case of a Banking Company?

CA CMA Sagar Jaiswal (Finance professional) (665 Points)
Replied 23 April 2017

For banking co . Turnover Means total monay accepted by customer in a fin. Yr.

NOOHUNNAJEEULLA KHAN Harihar (79 Points)
Replied 01 May 2017

I am proprietor, I m having both sales and service, now in which law I have to register in GST whether in vat or service, what if I have not registered in service tax for not crossing the threshold limit.

1 Like

sanjay balande (Assistant Manager (Accounts & Indirect Taxes)) (103 Points)
Replied 01 May 2017

1) NO. PROVISIONAL ID NOT REQUIRED.

2) THRESHHOLD LIMIT IS RS. 20LKH. APERSON WHOSE AGREGATE TURNOVER IN A FINANCIAL YEAR EXCEEDS RS. 20 LAKHS FOR SUPPLY OF GOODS OR SERVICES IS LIABLE TO OBTAIN REGISTRATION.

3) IN CASE OF SPECIAL CATEGAORY STATE, THE SAID TURNOVER LIMIT IS RS. 10 LAKH.

4) HOWEVER FOLLOWING PERSONS WILL OBTAIN GST REGISTRATION IRRESPECTIVE OF THRESHHOLD LIMIT.

A) INTER STATE PURCHASE / SALE

B) WHO IS REQUIRED TO DEDUCT TDS UNDER SEC 46 OR COLLECT TCS UNDER SECTION 56

C) ELECTRONIC COMMERCE OPERATOR

D) INPUT SERVICE DISTRIBUTOR.

IF GST IS UNDER REVERSE CHARGE, MOST OF THE SUPPLIERS WILL HAVE TO TAKE GST REGISTRATION EVEN THOUGH THEY ARE BELOW THE THRESHOLD LIMIT OF RS. 20 / 10 LAKHS.