Table of Contents
Can one person have two GST registration?
This shows that 2 GST registrations are possible on one PAN card. This is the case where multiple GST registration is necessary. Nowadays, GST numbers can be linked to PAN cards online. It’s also a matter of personal preference whether two GST registrations can be completed with a single PAN card.
Is every person required to be registered in GST?
Who is Liable to get Registered under GST? Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST, too.
How do I change GST from one person to another?
18(3) of CGST Act, 2017, read with Rule 41 of CGST Rules,2017, if there is change in constitution of a registered person, in case of sale, merger, demerger, amalgamation, lease or transfer of the business for any reason, then input tax credit lying in the credit ledger of the registered person can be transferred to …
Can an individual have a GST number?
According to the Goods and Services Tax Act 2017, any business with a turnover of Rs. 40 lakh and above must register for GST. In addition, following individuals also need to complete GST registration and acquire unique 15-digit GSTIN: Individuals making inter-state supply of taxable goods and services.
What is registered person?
registered person means a person who is registered under Part IV of the GST Act and a ‘non registered person’ shall mean a person who is not registered under the GST Act.
What is GST registered person?
A taxable person under GST is anyone who is registered under GST or required to be registered under GST. Further, any person having registration under Service Tax, VAT or Central Excise on the date of GST coming into force will automatically be considered a taxable person under GST.
How do I transfer a sole proprietorship to a family member?
In the case of the company make a resignation letter from the company and your father can transfer the properity to the by filing a necessary application for transferring the share before Registrar of the company with help of Charted accountant or company secretary.
Is there GST on transfer of registration?
If you’re transferring the registration of a used vehicle to a new person or organisation, both you and the buyer have to write the correct market value on the back of the certificate of registration, as well as on the transfer of registration form. The market value includes GST, unless you’re exempt from paying it.