Section 22 :Person liable for registration

Understanding Section 22 of the GST Act 2017: Who Needs to Register for GST?

Simple Explanation:

Section 22 of the GST Act tells us who needs to register for Goods and Services Tax (GST). It’s like a rule about getting a special ID card so you can participate in the GST system.

Who needs to register?

• Turnover matters: Generally, any business with an aggregate turnover exceeding ₹20 lakh in a financial year needs to register in regular states like Delhi or Maharashtra. However, in special category states like Jammu & Kashmir, the threshold is ₹10 lakh.
• Aggregate turnover means the total value of all taxable goods and services you sell in a year.
• Exceptions: Even if your turnover is below the limit, you might still need to register if:
  • You sell goods or services across states (interstate supplies).
  • You supply specific items listed by the government, like online information services.
  • You want to claim input tax credit (ITC), which helps reduce your tax burden.

Voluntary Registration:

Even if you don’t meet the required turnover, you can still choose to register for GST voluntarily. This might be good for building trust with customers or accessing larger markets.

Example:

• You run a clothing store in Bangalore (regular state) with a yearly turnover of ₹18 lakh. You only sell within Bangalore. You don’t have to register for GST as your turnover is below ₹20 lakh.
• But, if your turnover crosses ₹20 lakh next year, you must register.
• If you start selling clothes online to other states like Rajasthan, even with a turnover below ₹20 lakh, you’ll need to register because it’s an interstate supply.

Benefits of Registration:

• Claim ITC: You can use GST paid on your purchases to reduce your tax liability.
• Increased Credibility: Having a GST registration shows you’re compliant and helps build trust with customers.
• Wider Market Access: You can legally sell goods and services across states.

Know the Writer:

Taxslim Venture is a leading CA,CS,Taxation lawyer firm in Gurgaon, Delhi, and Noida providing comprehensive GST filing and audit services. We have a team of experienced and qualified CAs who are experts in GST law and regulations. We understand the complexities of GST and can help you comply with all the requirements. We offer a wide range of GST filing and audit services, including:

• GST registration
• GST return filing
• GST audit
• GST advisory
• GST training
• GST Appeal and hearing
• GST refunds and seminars

We are committed to providing our clients with the best possible service. We are always available to answer your questions and help you with any GST-related issues. We understand that GST can be a complex and time-consuming process, but we are here to make it as easy as possible for you.

If you are looking for a reliable and experienced GST filing and audit firm, then contact Taxslim Venture today. We would be happy to discuss your needs and provide you with a free consultation.

Keywords: GST registration in Gurgaon, GST consultant in Gurgaon, GST appeal and audits in Gurgaon, GST tax lawyers in Gurgaon, GST CA in Gurgaon, GST auditors in Gurgaon, GST return filing in Gurgaon, Taxslim Venture, GST services, tax consultancy, tax audit, tax planning, GST expert, GST advisor.

Ravi Kumar Saini

+91-9911105745

Regards,

Ravi Kumar Saini

+91-9911105745