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18 Mandatory and voluntary registration

CHAPTER IV

Registration and Security

18 Mandatory and voluntary registration

(1) Every dealer is required to apply for registration under this Act if -

(a) the dealer’s turnover in the year preceding the commencement of this Act exceeded the

taxable quantum; or

(b) the dealer’s turnover in the current year exceeds the taxable quantum; or

Sales Tax Act, 1956 (74 of 1956): PROVIDED that a dealer dealing exclusively in goods entioned in the First Schedule shall not be required to register. Explanation.- For the purposes of this section, in case of dealers involved in execution of works contracts, the taxable quantum shall be calculated with reference to the total contract amount received.

(2) For the purposes of this Act, “taxable quantum” of a dealer shall be 1[ten lakh rupees], or such other amount as may be specified by the Government by notification in the official Gazette: PROVIDED that a dealer who imports for sale any goods into Delhi, the taxable quantum shall be “Nil” or such other amount as may be specified by the Government by notification in the official Gazette.

(3) The taxable quantum of a dealer shall not include turnover from-

(a) sales of capital assets;

(b) sales made in the course of winding up the dealer’s activities; and

(4) Any person who is not required by sub-section (1) to be registered but who -

(a) is a dealer; or

(b) intends from a particular date to undertake activities which would make him a dealer,

may apply for registration.

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Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .