GST Registration Requirement of Registration or Applicability
GST Registration Requirement of Registration : I am trying to cover all aspects of registration requirements together with its basic meaning for CA Intermediate Students. I hope it will help to the students to build a basic understanding about GST Registration , its applicability, and eligibility.
Meaning of word ‘Registration : Registration under any law whether it is in newly imposed or is already in existence is the basic and fundamental requirement of any of the concern, individual etc. Without the same, a concern or an individual is not able to pay, collect or claim input credit of the tax applicable. Further, we can say registration under any law is the initial step of compliance of law applicable. It’s a legal recognition of an individual or a concern like an account holder of any of the bank is recognized by account number.
Goods and Service Tax (GST) came into force from 01st July 2017. Prior to its enforcement of the GST, there are different registration had to be taken to a service provider and to a Trader or Manufacturer of goods as well. But after GST only one registration is required. That is Goods and Service Tax Identification Number generally denoted by GSTIN.
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