How to differentiate Casual taxable person with Registered Person?
What is Casual taxable person? How does Registered Person work under GST regime? What are the difference between Casual taxable person and Registered Person?
Under GST system, the following information explains about Casual taxable person and Registered Person.
As per GST terms, 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. Registered Person means: every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees.
The details about Casual taxable person and Registered Person with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Casual taxable person and Registered Person, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Casual taxable person and Registered Person separately below. You may kindly read the below links to know more about Registered Person and Casual taxable person.
Meaning of term Casual taxable person under GST
Who is Registered Person under GST
The above information easily explains about Registered Person and Casual taxable person.
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CGST Act Section 33 Amount of tax to be indicated in tax invoice and other documents.
CGST Act Section 34 Credit and debit notes
CGST Act Section 35 Accounts and other records
CGST Act section 36 Period of retention of accounts
CGST Act Section 37 Furnishing details of outward supplies
CGST Act section 38 Furnishing details of inward supplies
CGST Act Section 39 Furnishing of returns
CGST Act section 40 First return
CGST Act section 41 Claim of input tax credit and provisional acceptance thereof
CGST Act Section 42 Matching, reversal and reclaim of input tax credit
CGST Act section 43 Matching, reversal and reclaim of reduction in output tax liability
CGST Act section 44 Annual return
CGST Act section 45 Final return
CGST Act section 46 Notice to return defaulters
CGST Act Section 47 Levy of late fee
CGST Act section 48 Goods and services tax practitioners
CGST Act Section 49 Payment of tax, interest, penalty and other amounts
CGST Act section 50 Interest on delayed payment of tax
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