LIMIT FOR GST REGISTRATION 

Every supplier making taxable supply of goods or services or both shall get himself registered in the State from which supply is made. In general, the limit for taking GST registration is Rs Twenty Lacs and Rs Forty Lacs. For exclusive supplier of goods the registration limit is Rs Forty Lacs and for others the limit is Rs Twenty Lacs.

For Special Category states, including State of Jammu and Kashmir , Arunachal Pradesh , Assam, Himachal Pradesh , Meghalaya , Sikkim , Uttarakhand the turnover limit will be Ten Lacs instead of Twenty Lacs.

If a business has been transferred from one person to another due to succession or otherwise , then transferee shall get GST Registration

In case of Merger Transfer, Acquisition, Amalgamation etc the new entity shall get GST registration.

Read Also : How to Apply for GST Registration Online

EXEMPTION FROM GST REGISTRATION

Every person making supply of exclusively exempt supplies of goods / services or both shall not be liable to take registration in GST 

An agriculturist, is exempted from GST registration for the produce out of his cultivation.

MANDATORY GST REGISTRATION

Following persons shall take GST registration without any condition:

Engaged in Making Inter – State Supply

Casual Taxable Person making Taxable Supply as per the provisions of GST Act.

Person required to pay GST under Reverse Charge Mechanism

Person required to pay GST U/s 9(5)

Non-resident Taxable Persons making taxable supply

Person required to deduct TDS in GST u/s 51

Person making taxable supply on behalf of other taxable person

Input Service Distributor

Persons supplying goods through E commerce operator who is required to collect TCS U/s 52

Electronic commerce operator who is required to collect Tax Collection at Source

Person Supplying Online Information and Database Access Retrieval Services form a place Outside India to a Place In India Other than registered person.

MEANING OF TERMS

Agent means a person , factor ,broker etc by whatever name called who carries on the business on behalf of other person as per clause 5 of Section 2 of GST Act.

Agriculturist means Individual or Huf , who cultivates the Land on his own , with his Family or by servants on wages payable as defined under Clause 7 of Section 2 of GST Act.

Casual Taxable Person means a person carrying on business occasionally for supply of goods or services in a State where he has no fixed place of business as defined under Clause 20 of Section 2 of GST Act.

Exempt Supply means supply exempted U/s 11 of CGST Act or U/s 6 of IGST Act and includes Non Taxable Supply as defined under Clause 47 of Section 2 of GST Act.

Person includes Individual, Hindu Undivided Family , Company, Firm , Limited Liability Partnership, AOP or BOI, Corporation established under Central or State Act, Co-operative Society , Local Authority , Central Government or State Government , Trusts , Artificial Judicial Persons etc as per Clause 84 of GST Act

Reverse Charge Mechanism means the liability to pay tax by the recipient of goods or services as per the provisions of GST Act in  this regard.

Taxable Person means a person who is registered or liable to be registered as per the provisions of the GST Act.

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The amendment act has done various major changes in existing GST Provisions . 

Some of the important GST Amendment  includes :

Provisions related to Blocked Input Tax Credit in GST U/s 17(5) has been amended. Earlier Input Tax Credit was Blocked in respect of all vehicles. After amendment this restriction has been relaxed to some extent and Input Tax Credit can be claimed for vehicles,

Earlier registered supplier has to issue credit notes and debit notes on one to one basis in respect of Tax Invoices In GST. Now one or more Credit and Debit notes can be issued in respect of one or more Tax invoices in GST . This will provide big relief to taxpayers from documentation .

Certain definitions as given in Section 2 of GST Act ,such as Appellate Authority etc has been amended . 

Provisions of Reverse Charge Mechanism U/s 9(4) , has been deleted and new provisions has been inserted . As per the new provisions only notified persons will be required to pay tax under reverse charge for purchases from Unregistered Person in GST for specified goods and services.

Eligibility for opting in GST Composition scheme has been relaxed and big relief has been provided through this GST Amendment for small taxpayers .

The Limit of GST registration has also been increased in this amendment Act.

The new procedure to file GST New return system has been included in GST Act U/s 43A which is yet to be notified . This will change the GST Return filing process for all the dealers and registered taxpayers .

These are some of major changes done in the GST amendment Act. Complete amendment Act is enclosed here for download

Copy of Finance Act can be downloaded here

CGST Amendment 2019

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