Category: GST Knowledge Portal

Topic Name -What is the time limit for taking a Registration under GST A person should take a Registration, within thirty days from the date on which he becomes liable to registration, in such manner and subject to such conditions as is prescribed under the Registration Rules. A Casual Taxable person and anon-resident taxable person […]

Topic Name -Which are the cases in which registration is compulsory As per Section 24 of the CGST/SGST Act, the following categories of persons shall be required to be registered compulsorily irrespective of the threshold limit: i) persons making any inter-State taxable supply; ii) casual taxable persons; iii) persons who are required to pay tax […]

Topic Name -What is aggregate turnover As per section 2(6) of the CGST/SGST Act “aggregate turnover” includes the aggregate value of: (i) all taxable supplies, (ii) all exempt supplies, (iii) exports of goods and/or service, and, (iv) all inter-state supplies of a person having the same PAN. The above shall be computed on all India […]

Topic Name -Who are the persons liable to take a Registration under the GST Law As per Section 22 of the CGST/SGST Act 2017, every supplier (including his agent) who makes a taxable supply i.e. supply of goods and / or services which are leviable to tax under GST law, and his aggregate turn over […]

Topic Name -What will be the effective date of GST registration Where the application for registration has been submitted within thirty days from the date on which the person becomes liable to registration, the effective date of registration shall be the date on which he became liable for registration. Where an application for registration has […]

Topic Name -Can a person without GST registration claim ITC and collect tax No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.                 About Bihar Tax Consultant – Bihar Tax Consultant is […]

Topic Name -What is advantage of taking registration in GST Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: • Legally recognized as supplier of goods or services. • Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due […]

Topic Name -Does the GST Law empower the Government to exempt supplies from the levy of GST Yes. In the public interest, the Central or the State Government can exempt either wholly or partly, on the recommendations of the GST council, the supplies of goods or services or both from the levy of GST either […]

Topic Name – What are the penal consequences if a person opts for the composition scheme in violation of the conditions If a taxable person has paid tax under the composition scheme though he was not eligible for the scheme then the person would be liable to penalty and the provisions of section 73 or […]

Topic Name – How to compute ‘aggregate turnover’ to determine eligibility for composition scheme The methodology to compute aggregate turnover is given in Section 2(6). Accordingly, ‘aggregate turnover’ means value of all outward supplies (taxable supplies+exempt supplies+exports + inter-state supplies) of a person having the same PAN and it excludes taxes levied under central tax […]