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Should A Trust Be Registered For Gst In India?

By Author: Mohit Yadev
Total Articles: 102

GST registration is mandatory for-

Any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states).
[Note: If your turnover is supply of only exempted goods/services which are exempt under GST, this clause does not apply.]

Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST, too.
When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
Anyone who drives inter-state supply of goods
Casual taxable person (see below)
Non-Resident taxable person (see below)
Agents of a supplier
Those paying tax under the reverse charge mechanism
Input service distributor (see below)
E-commerce operator or aggregator
Person who supplies via e-commerce aggregator
Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
You might know GST Filing In India.

GST Registration by Type of Taxable Person

Every person has to apply for registration in every State in which he is liable, within thirty days from the date on which he becomes liable to registration.
Casual/ non-residents should apply at least five days before their commencement of business.
Registration number in GST will be PAN based and hence, having PAN would be a prerequisite for obtaining registration.
The assessee must obtain separate registration for each State, as registration under GST will be State-wise,
The assessee has an option to obtain a separate registration for each of the ‘business vertical’ in the same State.
Special registration for casual taxable person and non-resident taxable person (section 24)

A casual taxable person or a non-resident taxable person shall apply for registration at least five days prior to the commencement of business. Section 24 provides for special provisions relating to casual taxable person and non-resident under GST.

Casual/non-resident taxable person may obtain a temporary registration for a period of 90 days (extendable for additional 90 days).

A person who obtains registration u/s 24, will be required to make advance deposit of GST (based on his estimated tax liability).

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