Test: Registration under GST - CLAT PG MCQ

Agriculturists who supply their own produce are not required to register for GST under the specified conditions. This exemption acknowledges the unique nature of agricultural supply and its different treatment under tax laws, aiming to support small farmers.

A registered person must inform the proper officer of any changes in their registration information within 15 days. This requirement helps maintain up-to-date records in the tax system, ensuring compliance and accurate tax assessments.

A registered person whose GST registration has been canceled can apply for revocation within 30 days from the date they receive the cancellation order. This provision allows businesses a chance to rectify any issues that led to the cancellation, promoting fairness in the process.

Upon cancellation of GST registration, the registered person is required to pay an amount equivalent to the input tax credit for the stock of goods held. This ensures that the government recovers the tax credit that was previously claimed, maintaining the integrity of the tax system.

GST registration is essential for suppliers as it enables them to collect tax on behalf of the government. Additionally, it allows them to claim Input Tax Credit, which can significantly reduce their tax liability. This mechanism ensures compliance with tax laws and facilitates the smooth operation of the GST system.

If a registered person does not file their returns for six continuous months, their GST registration can be canceled. This provision is in place to promote compliance and accountability among taxpayers, ensuring that those who are registered adhere to filing requirements.

Registering under GST provides a supplier with legal recognition and allows them to collect tax on behalf of the government. Additionally, it enables the supplier to claim Input Tax Credit, which is a significant financial advantage as it helps reduce the overall tax burden by allowing them to offset taxes paid on inputs against taxes collected from customers. This ensures a smooth flow of credit and compliance within the tax system.

Small businesses with an all-India aggregate turnover below ₹20 lakh are not required to register under GST, although they may choose to do so voluntarily. This exemption allows smaller enterprises to operate without the burdens of registration unless they engage in taxable activities that necessitate compliance.

A registered person is required to inform the proper officer of any changes in their registration information within 15 days. This requirement ensures that the tax authorities have up-to-date information, which is crucial for compliance and accurate tax assessment. Failure to do so could lead to penalties or complications in the taxpayer's status.

The proper officer can cancel a person's GST registration if the registered person has violated the provisions of the GST Act or the rules prescribed. This includes non-compliance with filing requirements or engaging in fraudulent activities. Even after cancellation, the individual remains liable for taxes due prior to the cancellation, highlighting the importance of maintaining compliance with tax regulations.