You may do so at any time on the government portal gst.gov.in. We can guide you to obtain the registration.
New registration would be required as the partnership firm would have a new Permanent Account Number (PAN).
If all your businesses are conducted under a single PAN and the aggregate turnover from your all businesses exceeds Rs 20 lakhs, you would be required to take GST registration.
A person (or business) liable to register if the aggregate turnover (all India) is more than 20 lacs (Rs. 10 lacs in Special Category States – currently 11 states) or if a person is engaged in inter-State supplies regardless of the turnover.
A supplier of service will have to register at the location from where he is supplying services. For e.g., a contractor based in Kerala offering services in Tamil Nadu will have to obtain registration in Tamil Nadu.
Outward supplies on which tax is paid on reverse charge by the recipient will be included in the aggregate turnover of the supplier. Reverse Charge Mechanism (RCM) is expected to be valid only from 1 April 2018.
Refer Section 2(6) of CGST Act. Aggregate turnover does not include value of inward supplies on which tax is payable on reverse charge basis.
If services are being provided from Ernakulam then registration is required to be taken only in Kerala and IGST to be paid on inter-state supplies.
GST is leviable only if aggregate turnover is more than 20 lacs. (Rs. 10 lacs in 11 special category States). For computing aggregate supplies turnover of all supplies made by you would be added.
There is no liability of registration if the person is dealing with 100% exempt supplies regardless of the turnover.
There will be only one registration per State for all activities. But, you have the option to be registered as a separate business vertical. You cannot opt for composition in a vertical if you are paying tax normally (under section 9) for other vertical(s).
Any person who makes make inter-state taxable supply is required to take registration. Therefore, in this case the Tamil Nadu dealer shall take registration and pay tax.
An unregistered person has 30 days to complete its registration formalities from its date of liability (i.e., when the aggregate turnover crosses Rs 20 lakhs or Rs 10 lakhs in 11 special category states) to obtain registration.
There is no area based exemptions in GST.
Only if you provide any supply from Chennai you need to take registration in Tamil Nadu. Else, registration in Kerala is sufficient (and pay IGST on supplies made from Kerala to Tamil Nadu).
No. The supplier would be liable to obtain registration in case of inter-State supplies irrespective of his turnover.
The registration in the other state would come under a fresh registration.
If exclusively making supplies of Nil rated supplies, registration is not compulsory. Kindly refer section 23 of the CGST Act.
Yes. Since, exports are zero rated, one needs to register for GST to claim refunds.
One PAN holder gets one registration in every state, but he has the option of getting different registrations for different business verticals.
Job workers making taxable supplies above the threshold aggregate turnover need to register. Composition scheme is not available to job-workers. They, however, can avail benefit of section 143 of the CGST Act.
Service providers, except restaurants/caterers, are not eligible for composition scheme.
– Ice cream and other edible ice, whether or not containing cocoa.
– All goods, i.e. Tobacco and manufactured tobacco substitutes are not eligible for benefit of composition scheme.
Those availing composition can exit and opt for normal tax scheme anytime. They would be eligible for ITC on stocks available on the date of switchover in terms of section 18(1)(c ) of CGST Act, 2017.
You can opt for composition scheme from the beginning of the next financial year on submitting the option to avail composition scheme before beginning of the financial year. It may please be noted that composition scheme cannot be availed from the middle of a financial year.
No, taxpayer becomes ineligible for the composition scheme on the day the turnover crosses Rs. 1.5 crore*.
* – Subject to changes by the GST council from time to time
No, if you are dealing in 100% exempted supplies you are not liable to be registered in GST. There is no requirement of registration for making inter-state purchases.
There is no such requirement under GST law.
SGST of one state cannot be utilized for discharging of output tax liability of another State. Please refer to an article on fungibility of CGST, IGST and SGST on our blog here <insert link>
SGST Credit can be used for payment of IGST liability under the same GSTIN only.Please refer to an article on fungibility of CGST, IGST and SGST on our blog here <insert link>
The CGST and SGST Credit for a State can be utilized for payment of their respective CGST/SGST liabilities within that State for the same GSTIN only.Please refer to an article on fungibility of CGST, IGST and SGST on our blog here <insert link>
Appropriate provisions have been made in the law by providing for grant of 90% refund on provisional basis within 7 days from filing of registration.
Yes, you would be treated as a normal taxable person.
Not liable to tax means supplies which is not leviable to tax under the CGST/SGST/IGST Act. Please refer to definition under Section 2(78) of the CGST Act.
In the current regime, RCM is suspended till 31 March 2018.It is expected that you will have to pay GST via RCM from 1 April 2018 onwards. You can avail ITC of the GST so paid if you are otherwise eligible.
Yes, you will be liable to pay tax on reverse charge basis for supplies from unregistered person. In the current regime, RCM is suspended till 31 March 2018.It is expected that you will have to pay GST via RCM from 1 April 2018 onwards.
Customs duty and cess as applicable + IGST+ GST compensation cess. IGST and GST compensation cess shall be paid after adding all customs duty and customs cess to the value of imports.
Tax will be collected in the state from which the supply is made. The supplier will collect IGST and the recipient will take IGST credit.
Like in the case of an invoice, credit/debit notes on behalf of unregistered person will be given by registered person only. Further, GSTR2 provides for reporting of same by the recipient.
In such a case the person can issue one tax invoice for the taxable invoice and also declare exempted supply in the same invoice.
There is no requirement to take Aadhaar / PAN details of the customer under the GST Act.
All expenses will have to be included in the value and invoice needs to be issued accordingly. Please refer to Section 15 of CGST Act and Invoice Rules.
If the goods are meant to be supplied in the course of construction an invoice is necessary. If the goods are tools which are to be used for construction, then delivery challan should be issued.
The supplier may issue credit note to the customers.
For RCM liabilities tax invoice has to be issued on self.In the current regime, RCM is suspended till 31 March 2018.It is expected that you will have to pay GST via RCM from 1 April 2018 onwards.
The law provides flexibility to such service providers to issue tickets or tax invoice within one month from the date of supply of service. Except banking and financial service providers, service providers such as taxi aggregators do not have the option to issue consolidated invoices.
Advance refunded can be adjusted in the GST return.
It has been decided that Rs. 5000/- per day exemption will be given in respect of supplies received from unregistered person. For supplies above this amount, a monthly consolidated bill can be raised.
Tax will be charged only on the total consideration charged for such supply.
Stipend paid to interns will be employer-employee transactions. Hence, not liable for GST.
Salary paid to partners will not be liable for GST.
GST will be levied on the value charged for the supply only.
If the disposal is in the course or furtherance of business purposes, it will be considered as a supply.
Generally, these will be two supplies where the outsourced service provider from Tamil Nadu will charge you IGST. You will be required to charge IGST from your customer in Karnataka.
If the place of supply and the location of the supplier are in the same State then it will be intra-State supply and CGST / SGST will be applicable.
All three levies are under three different statutes and are therefore required to be separately accounted for.
As long as the value of such supplies is in the nature of gifts, and value of such gifts does not exceedRs. 50,000 in a financial year, GST will not be applicable.
ITC on capital goods is generally available if they are used in the course or furtherance of business. However, credit is not available on cars, unless you are in a business of imparting driving training, or supplying such cars. A list of items on which ITC is not available is provided in Section 17 of the CGST Act, 2017.
Specifying HSN code on invoice is optional for taxpayers having turnover upto 1.5 crores.
No, a person registering under the composition scheme cannot take ITC on inputs.
Yes. For supplies within Andaman &Nicobar, CGST plus UTGST would be leviable.
No, GST is not leviable on the entire credit card bill; it is charged only on the fee/commission charged by the credit card company.
If on every instance you are making a supply, then an invoice needs to be issued. For any other movement of goods other than supply (as specified in Rule 55 of CGST Rules, 2017), a delivery challan may be issued.
There is no distinction between goods or services under GST. Service charge like any other supply will be leviable to GST. It is also clarified that service charge is not a statutory levy. It is not levied by the Government.
This will be a composite supply where the principal supply (the goods) cannot be supplied without the cartage / unloading / transportation expenses. Therefore, the GST rate applicable will be the same as that of the principal supply, i.e, cycle parts, as provided under Section 8 of the CGST Act, 2017.
Since, you are providing both taxable and non-taxable supply. You will charge VAT on the non-taxable supply (which is alcohol for human consumption) and GST on all other taxable supplies.
Yes, a composition dealer will issue a self-invoice as he is required to pay GST. He will not be eligible for ITC also.
CGST credit can be first used to set off CGST liability. Whatever is left can be used to set off IGST liability. It cannot be used to set off SGST liability. Similarly, SGST credit can be used to set off SGST and IGST liability, in that order. It cannot be used to set off CGST liability. Please see Section 49 of the CGST Act, 2017.Please refer to an article on fungibility of CGST, IGST and SGST on our blog here <insert link>
No, if a firm is registered in more than one state, then each such registration will be treated as a separate registered person. Please refer to an article on fungibility of CGST, IGST and SGST on our blog here <insert link>
If registered, then you need to file returns. You may choose to cancel your registration since you are dealing only in exempted products.
Generally, not. But required in case of inter-State supplies having invoice value of more than Rs 2.50 Lakhs.
The returns provide for furnishing details by tax rates.
The documents specified under Rule 48 of the CGST Rules, 2017 may please be referred. Triplicate copy of invoices for supply of goods and duplicate copy of invoice for supply of services may be used.
No, these are two independent supplies at two different prices, they will be charged at the GST rate applicable to them even if they are purchased on the same invoice.
The value to be charged on such transaction will be the open market value of the entire transaction as per Rule 27(a) of the CGST Rules, 2017. Therefore, GST be charged on entire 20 gm.