Table of Contents
- 1 What is date of liability in GST registration?
- 2 What is the time limit for person liable to get register under GST *?
- 3 What is liability to register?
- 4 What is registration date?
- 5 What is commencement of business in GST registration?
- 6 Who approves GST registration?
- 7 Which date selection on which liability to register arises?
- 8 What is the effective date of GST registration in 2018?
What is date of liability in GST registration?
Date of liability: On which date your company became liable to get a copy of GST Registration Certificate. The effective date of registration is known as the date of liability.
What is the time limit for person liable to get register under GST *?
within 30 days
As per Section 25 any person who becomes liable to obtain registration shall make an application in FORM GST REG-01 within 30 days from the date on which he becomes liable for registration under the Act.
What is date of commencement of business in GST?
As per the Companies (Amendment) Ordinance 2018, there is a requirement for all the companies registered on or after 2 November 2018 to file a certificate of commencement of business. Form 20A is a declaration filed by the directors within 180 days of the date of incorporation of the company.
What is new rule for GST registration?
Overview of earlier limits, new limits and the date of applicability
| Aggregate Turnover | Registration Required |
|---|---|
| New Limits – For Sale of Goods | |
| Exceeds Rs.40 lakh | Yes – For Normal Category States |
| Exceeds Rs.20 lakh | Yes – For Special Category States |
| New Limits – For Providing Services |
What is liability to register?
“ What is Liability to Register In GST? Previously, The liability to register under GST arises when the person is a supplier and the aggregate turnover in the financial year is above the threshold limit of 20 lac rupees. However, there are certain categories of suppliers who are required to get compulsory.
What is registration date?
registration is the decisive date or whether the date of completion of registration of the document date of execution of the document ; or (b) on the date of presentation of the document for registration.
Who are the persons liable for registration?
Who is Liable to get Registered under GST?
- Any business involved in the supply of services whose turnover in a financial year exceeds Rs.20 lakhs for Normal Category states (Rs.10 lakhs for Special Category states)
- Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.)
What is date of commencement of business?
date at which the company is entitled to commence business, hold a general meeting of the members of the company. Central Government Act. Cites 0 – Cited by 77. Section 79 in The Companies Act, 1956 [Complete Act] date on which the company was entitled to commence business; and (iv) the shares to be issued at a …
What is commencement of business in GST registration?
Under the newly introduced Companies (Amendment) Ordinance 2018, all companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital is required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers.
Who approves GST registration?
Where the proper officer is satisfied with the clarification, information or documents furnished by the applicant, he may approve the grant of registration to the applicant within seven working days from the date of receipt of such clarification or information or documents.
How do I change my GST liability date?
Any change to information updated in the GST common portal must be intimated by the taxpayer within 15 days of occurrence of event leading to the change of information by filing a GST amendment application.
When a person is liable to register under GST?
Previously, The liability to register under GST arises when the person is a supplier and the aggregate turnover in the financial year is above the threshold limit of 20 lac rupees. However, there are certain categories of suppliers who are required to get compulsory. When a person is liable to register under GST?
Which date selection on which liability to register arises?
Date selection on which liability to register arises. It was the day when the business crossed the aggregate turnover threshold for GST registration. The taxpayers are required to apply for new GST registration Within 30 days from the date on which the liability to register arises. In the next tab, provide promoters and directors information.
What is the effective date of GST registration in 2018?
Date on which person is liable to get registered is 25th July 2018. If such person registers on 14th August 2018, then the effective date of registration is 25th July 2018. That means he can show the sale, purchase and other relevant transactions made after 25th July 2018 in his GST returns.
When should I take a GSTN registration?
Any 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 may be prescribed. Read: What is GSTN? (The one-stop destination for MSME, ET RISE provides news, views and analysis around GST, Exports, Funding, Policy and small business management.)