Here’s an easy-to-remember and detailed summary of the Registration chapter for CA Final Paper 5
(Indirect Taxation), structured with mnemonics and charts for better understanding and
memorization:
1. Concept of Registration
What is Registration?
o A process that identifies the taxpayer under GST and provides a unique GSTIN
(Goods and Services Tax Identification Number).
Purpose:
o Legal identity as a supplier.
o Compliance with GST laws.
o Ability to collect and claim GST.
Mnemonic:
"GSTIN Grants Supplier Tax Identity."
2. Persons Liable for Registration (Section 22)
Threshold Limits for Turnover:
1. ₹20 lakhs (₹10 lakhs for special category states) for services.
2. ₹40 lakhs for goods (₹20 lakhs for special category states).
Exceptions (Mandatory Registration Regardless of Turnover):
Inter-State Supply.
Casual Taxable Person.
Non-Resident Taxable Person.
E-Commerce Operators.
Persons under Reverse Charge Mechanism (RCM).
Mnemonic:
"20 for Services, 40 for Goods; CASUAL and INTER must Register."
3. Persons Not Liable for Registration (Section 23)
Agriculturists supplying produce from cultivation.
Persons making only exempt or nil-rated supplies.
Persons exempted by notifications.
Mnemonic:
"Agriculturists Exempt for Exempt Supplies."
4. Voluntary Registration
Persons below the threshold can voluntarily register to avail ITC or for compliance benefits.
Mnemonic:
"Voluntary if You Want Credit."
5. Procedure for Registration
1. Application (Form GST REG-01): Online submission with PAN and documents.
2. Acknowledgment (Form GST REG-02): Generated immediately.
3. Verification & Approval: Registration certificate issued in Form GST REG-06.
4. Rejection: If discrepancies, rejection in Form GST REG-05.
Mnemonic:
"REG-01 Apply, REG-02 Acknowledge, REG-06 Certify, REG-05 Deny."
6. Special Cases for Registration
Casual Taxable Person
Engaged in temporary business in a taxable territory.
Register at least 5 days before commencement.
Valid for 90 days (extendable).
Mnemonic:
"Casual = 5 Days Before, 90 Days Valid."
Non-Resident Taxable Person
Applies to non-residents with no fixed business place in India.
Must register before making any taxable supply.
Valid for 90 days (extendable).
Mnemonic:
"Non-Residents Must Register Before First Supply."
7. Amendment, Cancellation, and Revocation
Amendment (Section 28)
File application in Form GST REG-14 for changes in details.
Approval in Form GST REG-15.
Cancellation (Section 29)
Voluntary or by GST officer for:
1. Discontinuation of business.
2. Taxpayer no longer liable to register.
Application in Form GST REG-16.
Revocation of Cancellation (Section 30)
File application in Form GST REG-21 within 30 days of cancellation.
Mnemonic:
"REG-14 Amend, REG-16 Cancel, REG-21 Revive."
8. Penalties for Non-Compliance
Failure to Register: Penalty = 10% of tax due (min ₹10,000).
Fraudulent Registration: Penalty = 100% of tax due.
Mnemonic:
"Register or Risk Penalty."
9. Common Registration Forms
Form Purpose
GST REG-01 Application for registration
GST REG-02 Acknowledgment of application
GST REG-05 Rejection of registration
GST REG-06 Registration certificate
GST REG-14 Application for amendment
GST REG-16 Application for cancellation
GST REG-21 Application for revocation of cancellation
Mnemonic:
"01 to Apply, 02 Acknowledge, 05 Reject, 06 Certify."
10. Summary Chart: Registration Overview
1. Thresholds:
- Services: ₹20L (₹10L for special states).
- Goods: ₹40L (₹20L for special states).
2. Mandatory:
- Inter-State Supply, Casual Taxable Person, E-Commerce, RCM.
3. Procedure:
- Apply (REG-01), Certify (REG-06), Amend (REG-14), Cancel (REG-16).
4. Validity:
- Casual/Non-Resident: 90 Days (extendable).
5. Non-Compliance:
- ₹10K or 10% (Failure to Register).
- 100% Tax (Fraudulent Registration).
Mnemonics Summary
1. Thresholds: "20 for Services, 40 for Goods."
2. Mandatory Cases: "CASUAL and INTER must Register."
3. Registration Process: "01 Apply, 02 Acknowledge, 06 Certify."
4. Special Cases: "Casual = 5 Days Before, 90 Days Valid."
5. Penalties: "Register or Risk Penalty."
This summary combines mnemonics and charts to make the Registration chapter easy to understand
and retain for CA Final exams. Let me know if you'd like a detailed chart or further refinement!
