Information

How can unregistered person ask for GST?

Section 2(5) of The Central Goods and Services Tax Act, 2017 provides for definition of agent as follows: “agents” means a person including a factor, broker, commission agent, arhatia, del credere agent, or an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another.

In terms of provisions of Section 2(13) of the IGST Act, 2017 Intermediary means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both or securities, between two or more persons, but does not include a person who supplies such goods or services or both or securities on his own account.

U/s 24 (vii) of CGST act, persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise, are liable to get themselves registered due to provision of compulsory registration.

GST registration is mandatory for every  Brokers & Authorised Persons, turnover criteria of Rs. 20 lacs (Rs. 10 lacs) not applicable as sec 24 overrides sec 22.