Every registered taxable person has to furnish outward supply details in Form GSTR-1 by the 10^th of the subsequent month. On the 11^th, the visibility of inward supplies is made available to the recipient in the auto-populated GSTR-2A. The period from 11^thto 15^th will allow for any corrections (additions, modifications and deletion) in Form GSTR-2A and submission in Form GSTR-2 by 15^th of the subsequent month.The corrections (addition, modification and deletion) by the recipient in Form GSTR-2 will be made available to supplier in Form GSTR-1A. The supplier has to accept or reject the adjustments made by the recipient. The Form GSTR-1 will be amended according to the extent of correction accepted by supplier.

On 20^th, the auto-populated return GSTR-3 will be available for submission along with the payment. After the due date of filing the monthly return Form GSTR-3, the inward supplies will be matched with the outward supplies furnished by supplier, and then the final acceptance of input tax credit will be communicated in Form GST ITC-1.

Also, the mismatch input tax credit on account of excess claims or duplication claims will be communicated in Form GST ITC-1.Discrepancies not ratified will be added as output tax liability along with interest. However, within the prescribed time, if it is ratified, the recipient will be eligible to reduce this output tax liability.

Let us understand this with an example.

Let us now understand how to:

• Amend your registration details
• Apply for cancellation of registration
• Revoke your registration if it is cancelled

Amending Your Registration Details

• Any change in details furnished at the time of registration must be submitted within 15 days from the date of such changes in Form GST REG-11.
• Specific changes in Form GST REG-11 relating to the name of the business, partner details, managing committee, and so on, require approval from an officer. After verification, an approval order by the officer is sent in Form GST REG-12 to amend the details.
• Changes in business details that result in change of PAN number of the registered tax payer, require a fresh registration in Form GST REG-01.

Applying for Cancellation of Registration

• A registered taxable person seeking cancellation of registration, should submit Form GST REG-14 along with details of closing stock and other relevant documents.
• Within 7 days, a notice in Form GST REG-15 is issued to the taxable person to show cause with reason for such cancellation.
• After verification and approval by an officer, cancellation order in  Form GST REG-16 is issued within 30 days from the date of receipt of Form GST REG-15 or date of show cause.

A taxable person who has voluntarily registered is allowed to apply for cancellation only after completion of 1 year of registration. An officer determines the effective date of cancellation after directing the taxable person to clear any tax arrears and penalty, if any.

Revoking a Cancelled Registration

• In case the registration is cancelled by an officer, a taxable person can apply for revocation by submitting Form GST REG-17 within 30 days from date of cancellation order.
• If the officer requires additional details or clarification, Form GST REG-3 is issued within 3 working days.
• The taxable person then needs to respond by providing requisite details in Form GST REG-4 (within 7 working days).
• If the officer is satisfied, the cancellation is revoked by issuing an order in Form GST REG-18 within 30 days from date of such application.
• If the officer is not satisfied, the revocation application is rejected in Form GST REG-5. Prior to this rejection, the taxable person will be issued a show cause notice in Form GST REG-19 and hearing.

With each passing day, we are moving one step closer to the GST regime. The GST Bill has been  approved by President and the GST Council is in the process for forming the rules. As business begin their preparation towards the new taxation system, obtaining GST registration is the first step.

Liability for Registration in GST

This ensures that on the day a dealer crosses Rs 20 Lakhs turnover, he is already registered, need to start charging GST, and is eligible to claim input tax credit. All existing dealers registered with any of the current laws (VAT/Excise/Service Tax) will also need to register under GST by default.

Important Note: The turnover considered here is the aggregate pan-India turnover (including value of non-taxable, exempt and export supplies) of a business entity, and not state-wise.

Example

Let us take an example to illustrate the liability of business to register under GST.

Super Cars Ltd. is a car manufacturing unit in Karnataka. They own ‘Super Cars Service Ltd’, a service unit located in Karnataka and Delhi. Additional details are furnished in the table below:

As per the example,

• All 3 units are registered under the same PAN AEHCS3476M
• To arrive at the aggregate turnover, the turnover of all the 3 units (Super Cars Ltd. and Super Cars Service Ltd. located in Karnataka and Delhi) will be considered.
• Therefore, the aggregate turnover will be Rs 155 Lakhs (Super Cars Ltd. Rs 125 Lakhs + Super Cars Service Ltd. of Karnataka Rs 20 Lakhs + Super Cars Services Ltd. of Delhi Rs 10 Lakhs) and are required to register under GST.

For Whom is Registration Mandatory?

The following categories of suppliers need to mandatorily register irrespective of turnover:

• Taxable person carrying on interstate supply
• Casual and non-resident taxable persons
• Businesses liable to pay tax under reverse charge
• Agents supplying on behalf of taxable person
• Input service distributor
• Sellers on e-commerce platforms
• Aggregator supplying services under his brand name
• Persons responsible to deduct TDS

Registration Forms for Dealers Registered under Existing Central and State Tax

• All dealers registered with central or state tax authorities will be auto-migrated and allotted with a provisional certificate of registration in Form GST REG-21.
• Within 6 months, dealers are required to submit Form GST REG-20 in the GST Portal along with information and documents as prescribed.
• If the information provided is complete and satisfactory, final registration certificate will be issued in Form GST REG-06.
• If the details submitted are not satisfactory, a show cause notice will be issued in Form GST REG-23, and there will be a hearing before cancelling the provisional registration. If the show cause hearing is not successful, or if the details are not provided within the stipulated period, the provisional registration allotted in Form GST REG-21 will be cancelled by issuing an order in Form GST REG-22.

During transition, if a taxable person is not required to register under GST, but was previously registered (Central and State law), he has an option to cancel the provisional registration issued by submitting the Form GST REG-24.