Type of Taxable Person under GST

Who needs to register under GST?

Here is the list of the person who needs to register under GST or GST taxpayer type or types of taxable person under gst :

1. Any taxpayer whose aggregate turnover is more than 40 Lakhs INR (20 Lakhs INR for the North-Eastern States) needs to register under GST.
2. Any person who was registered under any previous tax regime.
3. Any person who is carrying out any inter-state supply
4. CTP (Casual Taxable Person)
5. RTP (Non-Resident taxable person)
6. Any person who is supplying goods on behalf of the principal, in other words, an agent
7. ISD (Input service distributor)
8. E-Commerce aggregator or operator
9. Any Person providing OIDAR (Online Information and Database Access or Retrieval) services.

Note 1: Casual Taxable Person under GST is a person who does not have a fixed place of business but supplies goods to the state where GST is applicable

Note 2: NRTP is a non-resident person who supplies to the States of India where GST is applicable but does not have a fixed place of business in India. Further Resident Taxable Person which is RTP full form in GST.

Note 3: Input Service Distributor (ISD) is a business or person who receives tax invoices for services that were rendered by its branches. ISD than distributes the input tax credit on proportionate to its branches by issuing an ISD invoice. It shall be noted that the GST Identification number of the branches can be different but they shall be enrolled under the same PAN. Moreover, ISD can only distribute credit on services but credits on goods or capital goods cannot be distributed.