‘Casual Taxable Person’

'Casual Taxable Person'

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  ‘Casual Taxable Person’

Introduction:

“Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.

Note:

  1. Person includes individuals, Hindu Undivided Family, company including government company, firm, limited liability partnership, an association of persons, a body of individuals, co-operative society, local authority, government including a corporation.
  2. Principal place of business means the place of business specified as the principal place of business in the certificate of registration

Registration:

  1. A casual taxable person (other than those making supply of specified handicraft goods) making taxable supply in India has to compulsorily take registration. There is no threshold limit for registration. Casual Taxable persons making supply of specified handicraft goods need to register only if their aggregate turnover crosses Rs. 20 Lakh (Rs. 10 lakh for in case of Special Category States, other than the State of Jammu and Kashmir).
  2. A casual taxable person cannot exercise the option to pay tax under composition levy.
  3. He has to apply for registration at least five days prior to commencing his business in India.
  4. There is no special form to register as a Casual Taxable Person. The normal FORM GST REG-01which is used by other taxable persons can be used for obtaining registration by casual taxable person also.
  5. A casual taxable person, before applying for registration, should declare his Permanent Account Number, mobile number, e-mail address, State or Union territory in Part A of FORM GST REG-01 on the common portal, either directly or through a Facilitation Centre notified by the Commissioner.
  6. A Casual Taxable Person has to obtain a Temporary Registration which is valid for a maximum period of 90 days in the State from where he seeks to supply as a Casual taxable person. A Casual Taxable Person is required to make the advance deposit of GST (based on an estimation of tax liability).

Returns:

The casual taxable person is required to furnish the following returns electronically through the common portal, either directly or through a Facilitation Centre notified by the Commissioner:

  1. FORM GSTR-1giving the details of outward supplies of goods or services to be filed on or before the tenth day of the following month.
  2. FORM GSTR-2, giving the details of inward supplies to be filed after tenth but before the fifteenth day of the following month.
  3. FORM GSTR-3to be filed after fifteenth day but before the twentieth day of the following month.
  4. FORM GSTR-3B to be filed but before the twentieth day of the following month.

It may be mentioned that presently only FORM GSTR-1 and FORM GSTR-3B is required to be filed.

Refund by Casual taxable person:

The casual taxable person is eligible for the refund of any balance of the advance tax deposited by him after adjusting his tax liability. The balance advance tax deposit can be refunded only after all the returns have been furnished, in respect of the entire period for which the certificate of registration was granted to him had remained in force. The refund relating to balance in the electronic cash ledger has to be made in serial no. 14 of the last FORM GSTR-3 return required to be furnished by him (instead of FORM GST RFD 01).

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