Types of Registration Under GST

[HIREiN]

@Nakul

As a client if you’ve regsistered for GST and want to take input tax credit of the GST (lawfully), you can also provide us the GST number after which we’ll file the GST under your GST registration number.

is it advisable to register for the GST for individuals and huf retail traders whose only business profession is stock market intraday and share market investment ?

Zerodha Benefits from NSE Discounted Transaction Charges on Higher Turnover

[Private]

@Yesha

• Compulsory Registration: Under certain scenarios, the businesses have to get registration under GST

When is Compulsory GST Registration needed?

What is the GST rate for agent ?

Can you explain it with example of agent of food business.

X is Food Manufacturers.
Y is agent sell on behalf of X to retailers.
Z is retailer.

[Kartik_verma]

Hi Harshita,

Under the Goods and Services Tax (GST) regime in India, there are several types of registration available, depending on the nature and scale of the business. The main types are:

1. Normal Taxpayer Registration
   This is the most common type of GST registration. It applies to businesses with an annual aggregate turnover above the prescribed threshold (₹40 lakh for goods in most states, and ₹20 lakh for services).

2. Composition Scheme Registration
   Small taxpayers can opt for the Composition Scheme to reduce compliance burden. Businesses with turnover up to ₹1.5 crore (₹75 lakh in some states) can register under this scheme and pay tax at a fixed rate on turnover.

3. Casual Taxable Person
   This applies to individuals who occasionally undertake taxable transactions in a state/UT where they do not have a fixed place of business.

4. Non-Resident Taxable Person
   Similar to a casual taxable person, but for non-residents who occasionally supply goods/services in India without a fixed place of business in the country.

5. Input Service Distributor (ISD)
   A business that receives input services and distributes the tax credit to its branches having the same PAN.

6. E-Commerce Operator
   Entities operating e-commerce platforms are required to register under GST, irrespective of their turnover.

7. Tax Deductor at Source (TDS)/Tax Collector at Source (TCS)
   Certain government departments, agencies, or e-commerce operators are required to deduct or collect tax at the source and need to register for TDS or TCS under GST.

Each type of registration has specific requirements and compliance obligations. It’s important to choose the correct type based on your business activities.

[Vivid_Kreations]

Under GST, there are several types of registration: Regular Taxpayer, Composition Scheme, Casual Taxable Person, Non-Resident Taxable Person, Input Service Distributor, and E-commerce Operator. Each serves specific business needs and turnover limits. Choosing the right type ensures legal compliance, accurate tax filing, and smoother business operations under the GST regime.