GST means Goods and Services Tax, which is levied on supply of goods or services. “Supply” is a legal term.we are discusses "supply" in the next post.
For example, sale of goods like a pen & sales of services is website design.
who is liable for GST registration ?
Every supplier shall be liable to be registered under GST in the state from where he makes taxable supply of goods and/or services
if his aggregate turnover in a financial year exceeds threshold limit as announced by GST
- 20 lakh
- 10 lakh in North Eastern States including Sikkim
Inapplicability of Threshold Limit as Para 5
(i) person making any inter-state taxable supply
(ii) causal taxable persons
(iii) person who are required to pay tax under reverse charge
(iv) non-resident taxable person
(v) person who required to deduct TDS u/s 37 of the Act
(vi) person who supply goods and/or services on behalf of other registered taxable person whether as an agent or otherwise
(vii) input Service Distributor
(viii)person who supply goods and/or services, other than branded services, through electronic commerce operator
(ix) electronic commerce operator
(x) an aggregator who supplies services under his brand name or his trade name
(xi) such other person or class of persons as may be notified
if you want to apply for GST Registration click on the link
Government link
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