Welcome to
On Feet Nation
Digital_Zone Online
Steven Online
Robert Online
Lura Online
basitkhatr6666 Online
Mitul Hasan Online
Types of GST registration
• Normal Taxpayer: Under this category, there is no expiry date for taxpayers and to become a taxpayer, a person need not to provide any kind of deposit. Mostly businesses are fall into this category in India.
• Composition Taxpayer: Apply for composition taxpayer only when you wish to enroll in GST composition scheme. In this, Individual will have to deposit flat and no input tax credit will be provided.
• Casual Taxable Person: A Tax payer who wish to set up a stall or seasonal shop can choose this category. A taxpayer should deposit an amount that is equal to the expected GST liability during the time business should be active. There is 3 months duration for GST registration which can be extended or renewed.
• Non- Resident Taxable Person: If you live outside India, but supply goods to individuals who stay in India, opt for this type of GST Registration. Similar to the Casual Taxable Person type, you must pay a deposit equal to the expected GST liability during the time the GST registration is active. The duration for this type of GST registration is usually 3 months, but it can be extended or renewed at the type of expiry.
FOR MORE BLOGS CLICK HERE
Get your GST Registered right now
Visit our website Ask your professional
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation