Casual taxable persons have been provided special treatment under GST. They are those who supplies taxable goods or services occasionally in a taxable territory and do not have a fixed place of business. The person can act as a Principal or agent or in any other capacity supply goods or services for the furtherance of business. Therefore, all persons running temporary businesses in fairs or exhibitions or seasonal businesses would fall under casual taxable persons under GST.
Irrespective of the annual aggregate turnover of the business, those who are classified as casual taxable persons are mandatorily required to obtain GST registration. Also, the application for GST registration for a casual taxable person must filed at least 5 days prior to the commencement of business. The GST registration application can be filed using Form GST REG-01 for all casual taxable persons.
Validity & Deposit for GST Registration
A Casual taxable person has to obtain a temporary registration, which is valid for a maximum period of 3 months in the State from where he seeks to supply as a casual taxable person. They are also required to make the advance deposit of GST based on an estimation of tax liability.
Form GST REG-11 must be submitted to obtain an extension of the registration for additional 3 months. Along with the request, the taxpayer based on the expected tax liability must also make advance GST deposit.
GST Registration Certificate with a validity of 90 days.
Everything From the Basic Plan +
One Class 2 Digital Signature
Everything From the Standard Plan +
GST Return Filing For 1 Month
MYDBIZ is the market leader in GST Registration services in India. Before we get started with the engagement, all the required information and documents are collected. An engagement manager would be assigned who will be the point of contact till the engagement is completed. The average time required to complete a GST Registration is 8-10 working days depending on the government processing time and client document submission.
For more information, feel free to contact us at email@example.com or call us at +91 9632 993 993.