Types of G.S.T Registration -Analyis-2022.

 



  • Compulsory Registration:
    Under certain cases , the dealer must take Compulsory Registration under GST irrespective of the turnover. For eg: Inter-state sales of taxable goods, E-commerce operator, E-commerce seller etc.

 

  • Voluntary Registration:
    A business that does not need to apply for compulsory registration can apply for registration on a voluntary basis. It is called Voluntary Registration under GST.

 

  • Registration under Composition Scheme:
    If the aggregate turnover exceeds the prescribed threshold limit of Rs.40 lacs (Rs.20 lacs for special category states) for goods or Rs.20 lacs (Rs.10 lacs for special category states) but is less than Rs.1.5 Cr (aggregate turnover less than Rs.75 lacs for special category states), the dealer can register under Composition Scheme.

 

 

 

 

  • In case of services, if the aggregate turnover exceeds Rs.20 lacs (Rs.10 lacs for special category states) but it is less than Rs.50 lacs, the dealer can register under the Composition Scheme. Under this scheme, the taxpayer should pay GST at a fixed rate on turnover and the compliance is lesser than in case of normal registration.

 

  • No Registration:

 

The following category of persons do not require GST Registration:

 

 

  • The business for which aggregate turnover during the financial year does not exceed Rs.40 lacs for goods (Rs.20 lacs for special category states) or Rs.20 lacs for services (10 lacs for special category states).

 

  • The business that does not fall under the provisions of compulsory registration.

 

 

  • Persons selling goods or services that are exempt under GST or not covered under GST.

 

  • Agriculturists for the supply of crops produced from the cultivation of land.

 

 

  • NOTE : LIST SPECIAL CATEGORY STATES
  • Arunachal Pradesh
  • Assam
  • Jammu & Kashmir
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Sikkim
  • Tripura
  • Himachal Pradesh
  • Uttarakhand

 

 

 

 

 

 

 

 

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