Registration Limit

If Aggregate Turnover is greater than 20 lacs or likely to exceed 20 lacs, then Compulsory Registration

(Limit is 10 lacs for North Eastern States)

From 1st Feb 2019

Limit of 20 lakhs is now same through of India

Exemption limit till 31st jan from 1 feb.jpg

 

Aggregate turnover includes all types of Sales

like

  1. Taxable Sales
  2. Exempt Sales
  3. Export Sales
  4. Interstate Sales
  5. Sales by Agent of Principal

(Amount of taxes not to be included)

 

Exceptions

  • For example, if a person exclusive deals with supply of exempt goods or services, even if his turnover more than Rs.20 lakhs, registration is not compulsory.
  • Further, in case a person exclusively deals with supply of goods or services which is covered under RCM( e.g Advocate, lawyer etc) even if turnover is 10 crores, they are not required to obtain registration.

Changes Made in GST Council Meeting 6 Oct 2017

 

Registration Limit in GST is 20 lacs for Both Local and Interstate Sales

Earlier,

If a Person has turnover upto 20 lacs, they are not required to take registration

However if person is making interstate sales of even 1 Rupee, Compulsory Registration Required


Now,

If turnover is upto 20 lacs of Local + Interstate combined, then Registration Not Required

 

Compulsory Registration  if .jpg

NO LIMIT  OF 20 LACS IN FOLLOWING CASES

However Compulsory Registration Required for MAKING

  1. Interstate Sales
  2. Supplying goods on behalf of Other Persons
  3. Casual Taxable Person**
  4. Non-resident taxable persons
  5. If liable to deduct TDS in GST
  6. If liable to deduct TCS in GST
  7. Input Service Distributor
  8. 8.Making Sale on Behalf of other person (Franchise/Agent)
  9. Reverse Charge
  10. E-Commerce Companies
  11. Online Database Service Provider from Outside India into India
  12. Others as may be Notified

 

**Normally Casual Taxable person is required to obtain a Registration Certificate. However government has given exemption

    If following conditions are satisfied

  1. Person is dealing with Interstate Supplies of Handicraft good.
  2. Turnover is not more than 20 lakh

 

  1. Taxation for CA, CS, CMA Bcom M Com Exams May - June 2018
  2. GST for Exams

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.