What are the Types of Registration Under GST?

Completing the registration process without understanding its different types is challenging. There are several types of registration under GST. Businesses having yearly sales of at least Rs. 40 lakh are now needed to register for the new GST. Companies in the North East and Hill states that generate more than Rs. 10 Lakh in income annually are required to register.

What are the Different Types of Registration under GST?

GST registration is applicable to businesses whose annual turnover exceeds the threshold limit: Rs. 40 lakh for goods (Rs. 20 lakh for services) in most states. Rs. 10 lakh for special category states. Ideal for businesses involved in regular intra-state and inter-state trade. Apart from this, 

• Designed for small businesses with turnover up to Rs. 1 crore. Businesses pay a lower fixed tax rate on turnover but cannot claim Input Tax Credit (ITC). Applicable to manufacturers, traders, and small service providers.

• For individuals or businesses conducting temporary trade or events in India. Requires advance payment of GST based on estimated turnover. Registration is valid for a maximum of 90 days, extendable once.

• For non-residents supplying goods or services in India. Requires advance GST payment and is valid for 90 days, extendable once.

• Applicable to businesses that distribute Input Tax Credit (ITC) from headquarters to branches. Ensures centralized ITC allocation across units.

• Registration is mandatory for platforms facilitating e-commerce (e.g., Amazon, Flipkart). Also applies to sellers using these platforms.

• Tax Deductor at Source (TDS): For entities required to deduct tax at the source.

• Tax Collector at Source (TCS): For e-commerce operators collecting tax on sales.

These are

types of registration under GST.

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There are different types of registration under GST:

1. Regular GST Registration (GSTIN):

   • For businesses exceeding the turnover threshold (Rs. 20 lakhs, or Rs. 10 lakhs in special category states).

   • Interstate suppliers must register, regardless of turnover.

2. Composition Scheme Registration:

   • For small businesses with turnover up to Rs. 1.5 crore (Rs. 75 lakhs for special category states) for goods, and Rs. 50 lakhs for services.

   • Taxpayers pay GST at a fixed rate on turnover with simpler compliance.

3. Casual Taxable Person Registration: For businesses operating temporarily in a state where they do not have a fixed place of business.

4. Non-Resident Taxable Person Registration: For non-residents who occasionally supply goods or services in India.

5. Input Service Distributor (ISD) Registration: For businesses distributing input tax credit to their branches having the same PAN.

6. TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) Registration: For entities required to deduct or collect tax at source.

7. E-commerce Operator Registration: For operators facilitating online sales of goods and services.

8. Voluntary Registration: For businesses not required to register but opting to do so to avail input tax credit.

9. No Registration: For businesses with turnover below the threshold limits and not falling under compulsory registration.

These types cater to different business needs, ensuring compliance with GST laws. I hope you found this answer helpful.

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