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1. Collect the documents relevant for registration.
2. We shall apply for registration on your behalf.
3. You can get registration in no time.
Overview
Casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in a state or a union territory where he has not fixed place of business.
He undertakes such activity whether as a principal or as an agent in the course or furtherance of business. Hence, persons who run temporary businesses in exhibitions or fairs or seasonal businesses would fall under this category.
Example: Mr Gopal runs a business of textile in Surat. Now he wants to participate in exhibition in Bangalore for 3 days. Since he does not have a fixed place of business in Bangalore, he has to register as casual taxable person to sell in Bangalore.
Since casual taxable person’s business will be seasonal in nature or for very short period of time, they will find it difficult to maintain a fixed place of business and file monthly GST returns. To accommodate the special requirements of such persons, provisions have been provided under the GST Act for registration of casual taxable person.
Eligibility
Casual taxable person has to compulsorily apply for GST registration irrespective of turnover limit.
The threshold limit of Rs 20 lakhs / 40 Lakhs does not apply to Casual taxable person (CTP). Further, A casual taxable person cannot exercise the option to pay tax under composition levy.
A casual taxable person has to make an advance deposit of tax in an amount equivalent to his estimated tax liability for the period for which the registration is sought.
Let's take our previous example, Say Mr. Gopal estimates his sales at Rs. 200000 (without GST). He is required to make an advance deposit of Rs. 10,000 (5% of Rs.200000) to obtain temporary registration.
Casual taxable person has to apply for GST registration at least five days prior to commencement of business.
Documents
PAN (Indian National)
Passport (for Foreign Nationals and NRIs)
Passport sized photograph
Address proof
Trade Name of business
Proof of constitution of business
Photo and Proof for the appointment of an Indian authorized signatory
Bank account in India
* Bank account details: For bank account details, a copy of cancelled cheque or extract of passbook/
bank statement (containing the first and last page) must be uploaded. (in JPEG format/PDF format with
maximum size of 100 KB)
** Address proof: Anyone of the following documents must be uploaded:
In case of owned premises: SMC Vera Bill/Light bill
If rented/ Consented premises: Rent agreement or Consent letter and Light Bill/ SMC Vera Bill.
Process Involved
01
First of all, apply for registration by furnishing PAN, mobile number and email in PART A of Form GST REG -01
02
Validate and verify PAN, mobile number and email through OTP
03
On Successful Verification, Temporary Reference Number is Generated using which advance tax is to be made. As Acknowledgement for deposit, Form GST Reg 02 will be given electronically.
04
The applicant can fill and submit PART B of Form GST REG – 01 electronically using reference number generated.
05
The Registration Certificate, shall be issued electronically after the tax deposit appears in electronic cash ledger
After getting Registration Certificate, CTP can make taxable supplies
Refund
The casual taxable person is eligible for the refund of any unutilised balance of the advance tax paid by him after paying off his tax liability. The balance advance tax deposit can be refunded only after all GST returns have been furnished, in respect of the entire period for which the certificate of registration was issued.
Returns
The casual taxable person is eligible for the refund of any unutilised balance of the advance tax paid by him after paying off his tax liability. The balance advance tax deposit can be refunded only after all GST returns have been furnished, in respect of the entire period for which the certificate of registration was issued.
Exemption
A casual taxable person is exempt from GST registration, according to notice no. 56/2018 – Central tax dated October 23, 2018. The following list identifies the specific category of casual taxable person who is exempt from seeking a GST registration The handicraft goods must, however, have been manufactured by hand in order to be eligible for the exemption (even though some tools or machinery may also have been used in the process). Further such handicraft goods should be graced with visual appeals like ornamentation or in-lay work or some similar work of a substantial nature, possess distinctive features, which can be aesthetic, artistic, ethnic, or culturally attached and are amply different from mechanically produced goods of similar utility; and A casual taxable person who is engaged in making inter-state supplies of specified items when such items are made by the craftsmen primarily by hand even though some machinery may be used in the process.
Why Companies Trust FinAccle
FinAccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients.
You get all Financial, taxation, Accounting and legal solution under one roof.
We shall take relevant documents from you and apply for GST registration on your behalf and you shall be allotted GSTN at the earliest.
We are always Accessible, Approachable and Accountable.
Got a question?
We've got answers.
Can a Casual Taxable Person opt for Composition Scheme Under GST?
A casual Taxable Person cannot opt for composition.
Can a Casual Taxable person take multiple registrations in a state?
Is it possible for a casual taxable person to claim the input tax credit?
When should an individual apply for a registration as a casual Taxable person?
How many directors are required for company registration?