The most fundamental requirement of the tax authorities to identify taxpayers, is through their registration number. Thus, unless a person is registered under the tax regime, he can neither collect tax from others, nor can he get input credit for the tax paid by him, which can be utilized to set off his future tax liability.
Where the total taxable supply of goods and services or aggregate turnover of a supplier exceeds the following threshold limit, registration is compulsory.
|State||Threshold limit of aggregate turnover(in Rs.)|
|Special category states||20 Lacs|
|Other states||40 Lacs|
However, GST registration is
compulsory for certain category of suppliers irrespective of the threshold limit. They are:
Before GST, the manufacturer of goods had to obtain multiple registrations. One, under Central Excise Laws in case he is a manufacturer, and then further under VAT if trading in goods or Service Tax if engaged in providing services. However, under GST, the registration process is simple- i.e., just one registration per state, i.e., if a business entity has its branches in multiple States, then it will have to obtain registration for each branch in their respective states. In addition, there is no need for the taxpayer to obtain a separate registration under central government, i.e. single registration for all taxes- CGST, SGST/UTGST, IGST and cesses. So, the tax payers need not keep track of multiple registration numbers under Central registration and state registration for various indirect tax laws- just one GSTN* [unless the registration for multiple states obtained]. In short, GST is a PAN based and state specific tax.
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