Difference between a Casual Taxable Person and Non-resident Taxable Person under GST

Difference between a Casual Taxable Person and Non-resident Taxable Person under GST

Difference between a Casual Taxable Person and Non-resident Taxable Person under GSTWe live in Mumbai, India. We have no permanent fixed office or business place. We do business very rarely. Which category of GST taxable people are we? I reside outside India and do business in India rarely without any fixed office premises or factory. Are we fall under GST taxable person?

Who are non-resident taxable person? How to define Casual Taxable person? What is the difference between non-taxable person and casual taxable person?

As per GST Law, a casual Taxable Person has been defined in Section 2 (21) of GST Law. Casual Taxable Person under GST in India means a person who occasionally undertakes transactions in a taxable territory where he has no fixed place of business.

Here, a casual taxable person does not have fixed office or factory or any other place of business. Normally most of the business people who undertake business very rarely may not keep any permanent office set up or other place of business. Although such traders or other business people do business transaction irregularly, they are liable to pay GST if they are taxable person under GST Law. Such categories of taxable person is called Casual Taxable Person under GST Law in India.

What is the validity period of GST certificate of registration for a casual taxable person?

The validity period of GST certificate of registration for casual taxable person shall be valid for a period of ninety days from the effective date of registration. However, the proper officer, at the request of the said taxable person, may extend the validity of the aforesaid period of ninety days by a further period not exceeding ninety days.

 

 

Is there any Advance tax to be paid by a Casual Taxable Person at the time of obtaining registration?

 

While a normal taxable person does not have to make any deposit of money to obtain registration, since it is a special category of taxable person, a casual taxable person or a non-resident taxable person shall, at the time of submission of application for registration under sub-section (1) of section 19, make an advance deposit of tax in an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought. If registration is to be extended beyond the initial period of ninety days, an advance additional amount of tax equivalent to the estimated tax liability is to be deposited for the period for which the extension beyond ninety days is being sought.

 

Who are non-resident Taxable persons?

A non-resident taxable person comes to India occasionally and conduct business in India. A non-taxable person may not have fixed place of business in India.

As per GST Law of India, a taxable person residing outside India and coming to India to occasionally undertake transaction in the country but has no fixed place of business in India is a non-resident taxable person in terms of Section 2 (69) of the GST Law.

What is the validity period of GST certificate of registration for a non-resident taxable person?

The validity period of GST certificate of registration for non-resident taxable person shall be valid for a period of ninety days from the effective date of registration. However, the proper officer, at the request of the said taxable person, may extend the validity of the aforesaid period of ninety days by a further period not exceeding ninety days.

 

Is there any Advance tax to be paid by a non-resident Taxable Person at the time of obtaining registration under this Special Category?

While a normal taxable person does not have to make any deposit of money to obtain registration, since it is a special category of taxable person, a casual taxable person or a non-resident taxable person shall, at the time of submission of application for registration under sub-section (1) of section 19, make an advance deposit of tax in an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought. If registration is to be extended beyond the initial period of ninety days, an advance additional amount of tax equivalent to the estimated tax liability is to be deposited for the period for which the extension beyond ninety days is being sought.

This posts differentiate non-resident taxable person and casual taxable person under GST Law in India. If you would like to share your view about casual taxable person and non-resident taxable person, share below:

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Registration procedures and formalities to obtain GSTIN

How many digits in GSTIN under Goods and Service Tax registration

Would multiple registration be allowed under Goods and Service Tax (GSTIN)?

Procedure for obtaining Registration number of GSTIN

Procedures to get GST Registration number for IT exempted proprietorship firms.

Process of application for registration under GST Act to obtain GSTIN

Different application Forms for registration under Goods and Service Tax Act (GSTIN)

Application for registration under GST Act to obtain GSTIN

GST registration and returns filing procedures for PSUs and Government entities

Notice to GST return filing defaulters

 

When to file Annual Return of GST online?

 

Procedures to claim reduction in output tax liability of GST in India

 

Procedures to claim Input Tax Credit under GST in India

 

When to file first Return of GST tax in India?

 

GST Tax returns filing – Who, How and When?

 

How is time of supply accounted under GST Tax Calculation

 

Valuation of GST under special cases

 

Valuation of GST Taxable supply

What is Ex-factory terms in Imports and Exports

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

Types of Insurance Documents.

What is Express Release Bill of Lading

What is FIRC in export import business

What is first check assessment procedures in import customs clearance

What is FOB price in Exports and Imports and how it works

What is Fumigation in Export and Import

What is House BL

What is ICD?

What is IHC – Inland Haulage Charges

What is intensive exam CET exam in US import clearance

What is Inter Unit Transfer (IUT) in STP

Is Customs House Agents (CHA ) required to be appointed mandatory?

Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation

What is LC Letter of Credit in export import business

What is legalization of documents by embassy?




Comments


sidhant thakwani: I am a nri from mumbai and i have commercial property at rajasthan and gujrat which is rented out(total income less than 10 lakhs per annum),please inform what will be my gst compliance.

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers