LIVE GST Certification Course by CA Arun Chhajer. Register Now!!

Registered Person vs Taxable Person...

Shivam RC (Student) (23683 Points)

29 July 2018

What is the difference between a Taxable Person and a Registered Person under GST Law???

Reply
Follow
Share

4 Replies

Vinod Babu (24191 Points)
Replied 30 July 2018

Any person who carries on any business at any place in India, any one who supplies goods and/or services and is registered (or required to be) under GST Act is a taxable person.

An individual, HUF, Company, Firm, LLP, Government Company, Foreign Companies, Co-operatives, Local Authority, Government, Trust, etc. are taxable person under GST regime

1 Like

Deepak Gupta (CA Student) (15922 Points)
Replied 30 July 2018

Sec. 2(94) of the CGST Act defines registered person. It means a person who is registered under section 25 but does not include a person having a Unique Identity Number.

Sec. 2(107) of the CGST Act defines taxable person. It means a person who is registered or liable to be registered under section 22 or section 24.

Every person/unit of a person requiring registration, i.e., every taxable person, will be treated as a registered person the moment registration is granted to it, excluding cases where a Unique Identity Number (UIN) is granted.

1 Like