SECTION 22 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – REGISTRATION
As the goods and services tax (GST) regime completes almost two years, GST integrated the country into a common market by removing barriers across states and enabling smooth flow of goods from one state to the other. In the GST Regime, businesses whose aggregate turnover exceeds Rs. 20 lakhs (Rs 10 lakhs for NE and hill states) in case of services and Rs. 40 lakhs (Rs 10 lakhs for NE and hill states) in case of goods is required to register as a normal taxable person. The word "aggregate turnover" here means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess To the ones who are planning to register as a society under Marine Products Export Development and is involved in supply of goods and services and all supplies are not exempt and some are taxable supplies and aggregate turnover is above Rs.20 lakhs, it is liable to be registered under GST Act.