Compulsory registration under gst for service provider

Compulsory Registration. Apart from those categories mentioned above, there are certain sections for whom it is mandatory to register under the GST. GST registration limit for service providers in North eastern and hilly states was Rs. This exemption limit remains unchanged i. Rs lakhs as per the 32nd GST Council Meeting.

Are exporters required to take registration under GST? Who needs to register under GST? What is the registration limit in GST?

IN, click on login and you will be given a provisional ID and password for the purpose of enrollment in GST. Login using your ID and password. COMPULSORY REGISTRATION FOR CERTAIN SERVICE PROVIDERS Every service provider who is registered under the Pre-GST laws (i.e., Excise , VAT , Service Tax etc.) needs to register under GST by default.

To know more visit Lawtendo. See full list on iras. If at any time, you can reasonably expect your taxable turnover in the next months to be more than S$million. You must have supporting documents to support your forecast value of $1million.

Signed contracts or agreements 2. Accepted quotations or confirmed purchase orders from customers 3. Invoices to customers with fixed monthly fee charged 4. For example, you made a forecast based on market assessment, business plans or sales targets. Your taxable turnover is wholly or mainly from zero-rated supplies and you can choose to apply for exemption from registration. You will not be required to register for GST if: a. You are certain that your taxable turnover for the next months will not exceed S$million 2. The taxable turnover is projected to be lower due to specific circumstances(e.g. large-scale downsizing of business) 3. You may also be liable for registration: 1. GST-registere or 2. Singapore that are not registered for GST. For more information on the requirement to register for GST under these regimes, please refer to GST on Imported Services.

The effective date of registration is as follows: 1. IllustrationThere are serious consequences for late registration : 1. Your date of registration will be backdated to the date that you were liable to be registered. Prosecution action may ap. Thus, service provider are required to register only when they exceed the threshold limit of Rs. Further, in case a person exclusively deals with supply of goods or services which is covered under RCM(e.g Advocate, lawyer etc) even if turnover is crores, they are not required to.

Moreover, the entities performing services under the e-commerce framework also don’t have to bear that taxation liability. This is one of the most important aspects w. A person making taxable supply of goods or services or both and if his turnover cross lakhs in a financial year, he has to compulsory register under GST within days. GST Registration for Service Providers. The limit in special states is lakhs. However, if a person makes supplies in the course of interstate trade he has to be registered under GST.

This implies that only a registered person under GST is eligible to collect taxes from his customers. Furthermore, he can claim the credit for the tax paid on the inputs used in such. The option to pay Goods and Services Tax ( GST ) at reduced rate of per cent would be effective from the beginning of the financial year or from the date of obtaining new registration during the financial year. A person who has obtained registration in a state and is engaged in making taxable supply of goods or services or both from any other state shall be required to obtain separate registration from each of the states under the same PAN. Service providers now have to grapple with a completely new set of facts.

These application service providers will provide innovative and convenient methods of interacting with the GST Systems, from registration , to uploading invoice details, to filing returns. In other words, GSTN can interact only with GSP, not with tax payers.