Introduction
“Casual taxable person” means a person who occasionally
undertakes transactions involving supply of goods or services or both in the
course or furtherance of business, whether as principal, agent or in any other
capacity, in a State or a Union territory where he has no fixed place of
business. A casual taxable person making taxable supply in India has to
compulsorily take registration. There is no threshold limit for registration. A
casual taxable person cannot exercise the option to pay tax under composition
levy.
He has to apply for registration at least five days prior to
commencing his business in India. 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.
Registration:
There is no special form to register as a casual taxable person.
The normal form GST REG-01 which is used by other taxable persons can be used
for registration by casual taxable person. A casual taxable person, before
applying for registration, declare his Permanent Account Number, mobile number,
e-mail address, State or Union territory in Part A of FORM GST REG-01 on the
common portal, either directly or through a Facilitation Centre notified by the
Commissioner. The Permanent Account Number shall be validated online by the
common portal from the database maintained by the Central Board of Direct
Taxes. The mobile number declared shall be verified through a one-time password
sent to the said mobile number; and the e-mail address shall be verified
through a separate one-time password sent to the said e-mail address. On
successful verification of the Permanent Account Number, mobile number and
e-mail address, a temporary reference number shall be generated and
communicated to the applicant on the said mobile number and e-mail address. Using
this reference number generated, the applicant shall electronically submit an
application in Part B of FORM
GST REG-01, duly signed or verified through electronic
verification code, along with the documents specified in the said Form at the
common portal, either directly or through a Facilitation Centre notified by the
Commissioner.
The applicant will be given a temporary reference number by the
Common Portal for making the mandatory advance deposit of tax for an amount
equivalent to the estimated tax liability of such person for the period for
which the registration is sought. The registration certificate shall be issued
electronically only after the said deposit appears in his electronic cash
ledger. The amount deposited shall be credited to the electronic cash ledger of
casual taxable person. On depositing the amount, an acknowledgement shall be
issued electronically to the applicant in FORM GST REG-02.
The casual taxable person can make taxable
supplies only after the issuance of the certificate of registration. The
certificate of registration shall be valid for the period specified in the
application for registration or ninety days from the effective date of
registration, whichever is earlier.
In case the casual taxable person intends
to extend the period of registration indicated in his application of
registration, an application in FORM GST REG-11 shall be submitted
electronically through the Common Portal, either directly or through a
Facilitation Centre notified by the Commissioner, before the end of the
validity of registration granted to him. The validity period of ninety days can
be extended by a further period not exceeding ninety days. The extension will
be allowed only on payment of the amount of an additional amount of tax
equivalent to the estimated tax liability for the period for which the
extension is sought has to be deposited.
Returns:
The casual taxable person is required to
furnish the following returns electronically through the common portal, either
directly or through a Facilitation Centre notified by the Commissioner:
a)
FORM GSTR-1 giving the details
of outward supplies of goods or services to be filed on or before the tenth day
of the following month.
b)
FORM GSTR-2, giving the details
of inward supplies to be filed after tenth but before the fifteenth day of the
following month.
c)
FORM GSTR-3 to be filed after
fifteenth day but before the twentieth day of the following month.
However, a casual tax person shall not be
required to file any annual return as required by a normal registered taxpayer.
Refund by Casual taxable
person:
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 deposit can be refunded only after
all the returns have been furnished, in respect of the entire period for which
the certificate of registration was granted to him had remained in force. The
refund relating to balance in the electronic cash ledger has to be made in
serial no. 14 of the last FORM GSTR-3 return required to be furnished by him
(instead of FORM GST RFD 01).
Great Content Sir,I think GSTR 2 & 3 are not applicable till 31st March 2018.
ReplyDeleteKeep up the good work !!