Question: Who Is Not Liable For GST?

What deemed registration?

(1) The grant of registration or the Unique Identity Number under the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act shall be deemed to be a grant of registration or the Unique Identity Number under this Act subject to the condition that the application for registration or the Unique ….

Who is liable for GST?

Any person having aggregate turnover more than 20 lakh is liable to register under GST and hence needs to pay the tax as well. However, if you belong to the northeastern state, the you need to register if your turnover is more than10 lakh.

Is GST required below 20 lakhs?

A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states.

What is the minimum amount for GST?

Rs. 40 lakhsIn the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory.

What does GST not apply to?

GST does not apply to sales of low value imported goods made to Australian GST-registered businesses making the purchase for business use. The entity that charges GST on these sales can be the merchant who sells the goods, an electronic distribution platform operator, or a re-deliverer.

Who is not responsible registration?

Summary of above provision:PersonTurnover limit for the previous yearPerson engaged exclusively in supply of goodsRs. 40 lakhsPerson engaged in supply of goods or service or bothRs. 20 LakhsPerson engaged in supply of goods or service or both in states of Manipur, Mizoram, Nagaland and TripuraRs. 10 Lakhs

What is minimum turnover for GST?

You must register for GST if: your business has a GST turnover of $75 000 or more. your non-profit organisation has a turnover of $150 000 per year or more.

Who is liable for registration?

Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees.

Can we get refund of GST?

RFD-01: Guide to claim refund on GST Portal. … The excess GST paid can be claimed as a refund within two years from the date of payment. This means that if excess GST is paid in the month of November 2017, GST refund application can be submitted until November 2019.

Who pays GST seller or buyer?

The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.

Who is the head of GST council?

Nirmala SitharamanThe GST council is headed by the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India.

What is GST limit?

NEW DELHI: In a “massive relief” to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and announced that the higher turnover cap of Rs 1.5 crore for availing composition scheme of paying 1 per cent tax will be effective from April 1.

What is the process of GST registration?

Step 1 – Go to GST portal. Click on Services. Then, click on ‘Registration’ tab and thereafter, select ‘New Registration’. Key in the Email Address and Mobile Number.

What products have no GST?

Things that are GST-free include:most basic food.some education courses, course materials and related excursions or field trips.some medical, health and care services.some menstrual products (from 1 January 2019)some medical aids and appliances.some medicines.some childcare services.More items…•

Who is not responsible for GST registration?

Section 23 (1) states that persons who are engaged in supplying goods or services or both that are not liable to be tax or persons who are engaged in supplying of goods or services or both that are wholly exempted from tax, then, such persons are not required to obtain GST registration.

On which services GST is not applicable?

Supplies that have a declared rate of 0% GST. Example: Salt, grains, jaggery etc. Supplies are taxable but do not attract GST and for which ITC cannot be claimed. Example: Fresh milk, Fresh fruits, Curd, Bread etc.

Who pay GST in India?

According to GST Law of India, the supplier of goods or service is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism.