Casual Taxable Person Under GST : An Overview

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Casual Taxable Person Under GST : An Overview

 

“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.

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.). A casual taxable person cannot exercise the option to pay tax under composition levy. He has to apply for registration at least five days prior to commencing his business in India.


Registration of Casual Taxable Person in GST

  • There is no special form for the registration, the casual taxable person can use the normal form GST REG-01
  • The registration should be completed under the special category at least 5 days prior to the undertaking business.
  • Before applying for registration, he should declare the followingin PART A of FORM GST REG-01:
    • Permanent Account Number (PAN)
    • Mobile Number
    • E-mail address
    • State or Union Territory
  • Validate and verify PAN, mobile number and email through OTP
  • On successful verification, temporary reference number is generated. Using this reference number generated, the applicant shall electronically submit an application in Part B of FORM GST REG-01.
  • The applicant will receive a temporary reference number to make a necessary advance tax deposit corresponding to the expected amount.
  • The Registration certificate shall be issued electronically after the tax deposit appears in electronic cash ledger.
  • The casual taxable person can make taxable supplies after the issuance of the certificate of registration.
  • The certificate of registration shall be valid for the period specified in the application for registration or ninety days from the effective date of registration, whichever is earlier.
  • For Extension of period of Registration, apply in FORM GST REG-11 before the end of validity of registration. An extension can be made for a further period not extending 90 days. The extension will be allowed only on deposit of additional tax liability for the extended period.

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:
(a) FORM GSTR-1 giving the details of outward supplies of goods or services .
(b) FORM GSTR-3B giving the summary of supplies along with payment of tax.

However, a casual taxable person shall not be required to file any annual return as required by a normal registered taxpayer.

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.

From,

Krishnakant Jakhotia

Mobile No :- 9422507911

Email Id :- taxtalknew@gmail.com

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