How to differentiate Registered Person with Single registration?
What is Registered Person? How does Single registration work under GST regime? What are the difference between Registered Person and Single registration?
Who is a Registered person under GST? 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.
A person seeking registration under this Act shall be granted a single registration in a State or Union territory Provided that a person having multiple business verticals in a State or Union territory may be granted a separate registration for each business vertical, subject to such conditions as may be prescribed.
The details about Registered Person and Single registration with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Registered Person and Single registration, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Registered Person and Single registration separately below. You may kindly read the below links to know more about Single registration and Registered Person.
Who is Registered Person under GST
Single registration under GST
The above information easily explains about Single registration and Registered Person.
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