Who Are Eligible For GST Registration in India

Who Are Eligible For GST Registration in India


The Central Government has made provisions in the CGST Act, 2023 to permit businesses whose previous registration was cancelled due to non-filing of returns to apply for revocation of cancellation by 30 June. They can do so, but only after paying the taxes, interest and penalty that are due.

A person who supplies goods or services or both in a State or Union territory, is liable to register under GST if his aggregate turnover exceeds the prescribed limit. This limit is Rs.20 lakh in case of suppliers who supply goods to consumers and Rs.10 lakh in case of suppliers who make supplies to taxable persons.

In the case of a new business, the person should file an application for registration within five days of commencement of business. The form can be filed online on the GSTN portal or at any Facilitation Centre notified by the Board. The applicant should submit the required details, including PAN, mobile number and email address in Part A of the form. The GST officer may require additional information, documents or clarifications and notify the applicant electronically within seven working days of submission of the application.

A person who is liable to get registered under GST must display his registration certificate and GSTIN at his primary place of business as well as every additional place of business where he makes supplies. He is also expected to issue GST-compliant invoices and file monthly or quarterly returns.

 

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info@filingpoint.com

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