Temporary GST Registration
Temporary GST registration is provided for persons occasionally dealing in budding and selling of goods or services. Apply through EOB for a hassle-free experience.
Fee: Rs. 699 (All Incl).
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Temporary GST Registration for Casual Taxable Persons
Casual taxable persons or occasional taxpayers are given special treatment under GST. Casual taxable person GST registration is necessary irrespective of the annual turnover, and the process must be initiated at least five days before the business undertaking. This is what we call Temporary GST Registration. GST registration application for casual taxable persons can be made using FORM GST REG-01.
The Goods and Service Tax Act defines a casual taxable person as a person who occasionally undertakes transactions that involve the supply of goods or services or both. Individuals running temporary businesses in fairs or exhibitions or seasonal businesses will need to get casual taxable person GST registration. This is convenient and easy to apply.
FEATURES
Some of the Features of GST Registration for Casual Taxable Person
GST registration is mandatory for casual taxable persons. While there is no threshold limit for registering as a casual taxpayer, the casual taxpayer cannot exercise the option of a composition scheme
The casual taxpayer has to calculate the estimated tax liability and make an advance deposit for the equivalent amount. The casual taxable person will be able to make taxable supplies only after the issuance of the certificate of registration.
Similar to the regular taxpayer, a casual taxpayer is required to file the monthly/ quarterly return Form- GSTR 1 and GSTR – 3B.
The registration certificate as a casual taxable person is valid for the period of 90 days or as specified by the taxpayer, whichever is earlier. Which means its valid for max 90 days. The taxpayer can seek an extension on the given certificate by making an advance deposit of the tax amount that is equivalent to the estimated tax liability for the extended period.
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 can be refunded only after all the returns are filed.
GST Registration Validity Extension
Casual Taxpayer or Non-Resident Taxpayer may apply for the extension of the registration period for a maximum of 90 days. The validity of the registration of a Casual/Non Resident Taxpayer can be extended only once.
Pre-conditions for Extension
- An applicant who has a valid and active GSTIN having the type of registration as “Casual” or “Non-resident” Taxable Person.
- Extension application should be done before the expiry of the existing registration granted.
- The taxpayer has to pay the Advance Tax for the estimated Tax liability, for the period for which the extended registration is sought for.
- The taxpayer has furnished all returns due till the date of filing extension.
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