1. In case you are registered under existing Indirect Tax Law (Excise, VAT, Service Tax), then are you required to submit any documents for GST registration or you will be automatically migrated to GST?
There is no automatic migration to the GST regime. For migration, you must use the Provisional ID and Password issued by the Commercial Tax Department / CBEC. This provisional ID can be obtained in the following manner:
a) Logon to ACES portal or CBEC website or relevant state department site (based on your registration site (based on your registration)
b) Here you will see a flash message stating ‘Please Click Here to view your Provisional ID and Password to access GSTN Common Portal
c) Make a note of the Provisional ID and Password provided
d) Logon to the GST Common Portal (www.gst.gov.in ) and click the ‘New User Login’ button
e) The Declaration page is displayed. Select the checkbox and click ‘Continue’ button
f) Fill in the Provisional ID and Password along with the captcha provided and log in
g) Follow the steps as displayed on the website
h) Fill in the necessary details like details as required of place of business, additional place of business, details of Directors, Karta, Bank details etc.
i) Sign using E-sign or DSC (mandatory for corporates), and generate provisional registration certificate.
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2. What will happen to the small enterprises if their turnover dips below Rs.20 lakh for GST? Will they remain covered under GST or do they come out?
Every supplier should mandatorily get registered under GST if the value of aggregate turnover exceeds Rs.20 lakhs (Rs. 10 lakhs in case of North Eastern States). If the aggregate turnover falls below Rs.20 Lakh, then you can opt for cancellation of registration in Form GST REG- 16. However, this is advisable only when such fall is permanent in nature.
3. You have business in West Bengal. You have more than one Vat Registrations in WB. Can you opt for separate GST registrations for different VAT registrations in the same state?
A person having multiple business verticals in a state may obtain a separate registration for each business vertical as defined under section 2(18), subject to conditions as follow:
- Such person has more than one business vertical in a state
- No business vertical of said person shall be granted registration to pay tax u/s 10 (Composition Scheme), if any one of the other business vertical of same person is paying tax u/s 9 (Normal Rates)
- All separately registered business verticals of such person shall pay tax under this Act on supply of goods or services or both made to another registered business vertical of such person and issue a tax invoice for such supply