PERSONS LIABLE TO BE
REGISTERED AS PER MODEL GST LAW (LATEST)
SCHEDULE-V of MODEL GST LAW
1.
Every supplier shall be liable to be registered under this Act in the State
from where he makes a taxable supply of goods and/or services if his aggregate turnover
in a financial year exceeds twenty lakh rupees:
PROVIDED
that where such person makes taxable supplies of goods and/or services from any
of the States specified in sub-clause (g) of clause (4) of Article 279A of the Constitution,
he shall be liable to be registered if his aggregate turnover in a financial
year exceeds ten lakh rupees.
(Other
than Special Category States)
2.
Every supplier shall be liable to be registered under this Act in the State
from where he makes a taxable supply of goods and/or services if his aggregate turnover
in a financial year exceeds ten lakh rupees:
(Special
Category States)
Explanation 1- The
aggregate turnover shall include all supplies made by the taxable person,
whether on his own account or made on behalf of all his principals.
Explanation 2- The supply
of goods, after completion of job-work, by a registered jobworker shall be
treated as the supply of goods by the “principal” referred to in section 55,
and the value of such goods shall not be included in the aggregate turnover of
the registered job worker.
2. The
following persons shall not be liable to registration –
(a) Any
person engaged exclusively in the business of supplying goods and/or services
that are not liable to tax or are wholly exempt from tax under this Act;
(b) An
agriculturist, for the purpose of agriculture.
3.
Subject to the provisions of paragraph 1, every person who, on the day immediately
preceding the appointed day, is registered or holds a license under an earlier
law, shall be liable to be registered under this Act with effect from the
appointed day.
4.
Where a business carried on by a taxable person registered under this Act is transferred,
whether on account of succession or otherwise, to another person as a going
concern, the transferee, or the successor, as the case may be, shall be liable
to be registered with effect from the date of such transfer or succession.
5.
Notwithstanding anything contained in paragraph 1 and 3 above, in a case of transfer
pursuant to sanction of a scheme or an arrangement for amalgamation or, as the
case may be, De-merger of two or more companies by an order of a High Court,
the transferee shall be liable to be registered, where required, with effect
from the date on which the Registrar of Companies issues a certificate of
incorporation giving effect to such order of the High Court.
6.
Notwithstanding anything contained in paragraph 1 and 3 above, the following categories
of persons shall be required to be registered under this Act:
(Irrespective
of the threshold specified under paragraph 1)
(I) Persons
making any inter-State taxable supply
(II) Casual
taxable persons.
(III) Persons
who are required to pay tax under reverse charge.
(IV) Persons
who are required to pay tax under sub-section (4) of section 8.
(V) Non-Resident
taxable persons.
(VI) Persons
who are required to deduct tax under section 46, whether or not separately
registered under this Act.
(VII) Persons
who are required to collect tax under 56, whether or not separately registered
under the Act.
(VIII) Persons
who supply goods and/or services on behalf of other taxable persons whether as
an agent or otherwise.
(IX) Input
service distributor, whether or not separately registered under the Act;
(X) Persons
who supply goods and/or services, other than supplies specified under sub-section (4) of section 8, through such
electronic commerce operator who is required to collect tax at source under
section 56.
(XI) Every
electronic commerce operator.
(XII)
every person supplying online information and database access or retrieval
services from a place outside India to a person in India, other than a registered
taxable person; and
(XIII) Such
other person or class of persons as may be notified by the Central Government
or a State Government on the recommendation of the Council.
