Visual Analysis on GST Registration - 1
The registration requirements have undergone various changes since the inception of the Goods and Services Tax on 1st July, 2017. There are numerous amendments and also notifications and circulars issued in this regards.
The requirement aspects of GST Registration are covered by sections from 22 to 24 of the Central Goods and Services Tax Act, 2017 and also the respective State Goods and Services Tax Acts, 2017. These sections provide for the liability for registration and also exemptions available from registration under the Goods and Services Tax regulations.
Section 22 : Person Liable for registration
Section 22(1):- Registration based on Turnover Threshold
A supplier who makes taxable supply of goods or services shall get registered from a state or union territory from where he makes taxable supply if his aggregate turnover, in a financial year, exceeds –
– Rs. 20 lakhs
– Rs. 10 lakhs (for Special Category States viz. Manipur,Mizoram, Nagaland, Tripura)
To be continue...
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