ppt on gst compliance- registration

PRESENTATION ON GST COMPLIANCE-REGISTRATION

Presentation By : CMA MAHESH GIRI CMA MANISH KANDPAL

Email : [email protected]@gmail.com

Mobile : +91-9711697891MM & Associates(Cost Accountants)

mailto:[email protected]

mailto:[email protected]

REGISTRATION

MM & Associates(Cost Accountants)

REGISTRATION- WHO CAN REGISTER ?


Mandatory Registration

• Persons having turnover more than the prescribed limit

• Casual Supplier• Non resident supplier• Input Service Distributer

Optional Registration

• Persons having turnover below the prescribed limit

• Separate Business Verticals within a state(AS-17)

REGISTRATION-TURNOVER EXEMPTION

TURNOVER BASED

EXEMPTION NOT ALLOWED

TO

PERSON LIABLE TO

PAY REVERSE CHARGE

INTER STATE SUPPLIERS OF GOODS/SERVI

CES


REGISTRATION-AREA KEY

STATE WISE REGISTRATION


REGISTRATION-COMPOSITION SCHEME


ELIGIBILITY- TURNOVER BELOW A THRESHOLD LIMIT

INTERSTATE SUPPLIERS and CASUAL DEALERS NOT ELIGIBLE

TAX ON TURNOVER

NO INPUT TAX CREDIT

OPTION OF SWITCHING TO REGULAR SCHEME

REGISTRATION-COMPOSITION SCHEME


REGULAR SUPPLIER CAN SWITH TO COMPOUNDING FROM THE BEGINNING OF NEXT FINANCIAL YEAR

HAS TO APPLY COMPOUNDING BEFOR 31ST MARCH OF PREVIOUS F/Y

COMPOUNDING DEALER CAN SWITH TO REGULAR SCHEME EVEN DURING THE CURRENT YEAR

BUT CAN NOT SWITCH BACK TO COMPOUNDING SCHEME IN THE SAME YEAR.

REGISTRATION-GSTIN Pan Based 15 digit Goods and

Service Tax Identification Number (GSTIN)

State Code

PAN Entity Code

Blank

Check Digit

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15


REGISTRATION-PROCESS


ONLINE REGISTRATION AT GST COMMON PORTAL SET UP BY GSTN

FACILITIES OF TAX RETURN PREPARERS AND FACILITATION CENTRES WILL BE AVAILABLE

APPLICATION BY SIGNING USING DIGITAL SIGNATURE

IF NOT SIGNED USING DIGITAL SIGNATURE THEN THE PRINTED SUMMARY EXTRACT OF THE APPLICATION TO BE SUBMITTED THROUGH GSTN

APPLICATION WILL BE PROCESSED EVEN BEFORE RECEIPT OF THE SIGNED COPY OF THE SUMMAR EXTRACT



IN CASE OF ANY QUERY OR ERROR , COMMUNICATE TO APPLICANT WITHIN 3 DAYS



APPLICANT WILL HAVE 7 DAYS TO RESPOND TO QUERIES AND AUTHORITIES WILL HAVE NEXT 7 DAYS TO

RESPOND/GRANT REGISTRATION

IF THE AUTHORITY NEITHER RAISE QUERY NOR REJECT APPLICATION WITHING 7 DAYS THEN DEEMED APPROVAL

IN CASE OF DEEMED APPROVAL THE GST PORTAL WILL AUTOMATICALLY GENERATE REGISTRATION CERTIFICATE

REGISTRATION-DOCUMENTATION

MM & Associates

CONSTITUTION OF BUSINESS e.g. Partnership Deed, Registration Certificate

DETAILS OF PRINCIPLE PLACE OF BUSINESS e.g. Electricity Bill, Rent Agreement etc.

DETAILS OF BANK ACCOUNT e.g. Front page of bank pass book etc.

DETAILS OF AUTHORISED SIGNATORY e.g. Authorization Letter

PHOTOGRAPH

REGISTRATION-MIGRATION

EXISTING REGISTRANTS

REGISTERED UNDER

BOTH

REGISTERED UNDER

STATES

REGISTERED UNDER

CENTRE


REGISTRATION- MIGRATION FROM STATE VAT/EXCISE


REGISTRATION-MIGRATION FROM SERVICE TAX

COMMUNICATION BETWEEN GST

PORTAL AND SERVICE TAX

PORTAL

GST PORTAL WILL GENERATE

GSTIN AND COMMUNICATE

TO SERVICE TAX PORTAL

SERVICE TAX PORTAL WILL

INTIMATE TAXPAYERS AND

INSTRUCT TO FILL UP THE REMAINING

INFORMATION


REGISTRATION-SURRENDER/CANCELLATION

CLOSURE OF BUSINESS OF

TAXPAYER

GROSS ALL INDIA ANNUAL

TURNOVER FALLING BELOW

THRESHOLD

TRANSFER OF BUSINESS FOR ANY REASON INCLUDING DEATH OF

PROPRIETOR

DEMERGER OR AMALGAMATION

OF TAXABLE PERSON WITH OTHER LEGAL

ENTITIES

NON COMMENCEMENT

OF BUSINESS WITHIN

STIPULATED TIME GIVEN IN

GST LAW


THANK YOU !