Question 1

What is the threshold limit for GST registration in Goa?

Accepted Answer

The threshold limit for Goa GST registration is ₹40 lakhs for businesses involved in supplying goods and ₹20 lakhs for service providers. However, for businesses in special category states, the threshold is ₹20 lakhs for goods and ₹10 lakhs for service providers.

Question 2

What is the GST Code of Goa?

Accepted Answer

The GST number for Goa starts with '30' and is followed by a unique 13-digit alphanumeric code assigned to registered taxpayers upon successful GST registration in the state.

Question 3

What are the compliance requirements post-GST registration in Goa?

Accepted Answer

Following the GST registration process in Goa Requires compliance involving filing regular returns like GSTR-1, GSTR-3B, and others as per the schedule prescribed by the GST authorities. Additionally, maintaining accurate records, invoicing correctly, and timely payment of taxes are essential compliance duties.

Question 4

What are the penalties for non-compliance with GST regulations in Goa?

Accepted Answer

Late fee of ₹100 per day, per Act (₹200 per day for CGST and SGST)

Penalty of 10% of the tax due, subject to a minimum of ₹10,000

Imprisonment of up to six months for willful evasion of GST

Question 5

Can I voluntarily cancel my GST registration in Goa?

Accepted Answer

Yes, businesses in Goa can voluntarily cancel their GST registration. To do so, file the application for cancellation on the GST portal, clear all dues, and submit the necessary documents. After verification, the GST authorities will cancel the registration within a specified time.

Question 6

Can an individual without GST registration avail Input Tax Credit (ITC) or levy taxes?

Accepted Answer

No, an individual without GST registration cannot charge GST from customers nor claim any GST paid as input tax credit.

Question 7

When does registration become effective?

Accepted Answer

If the registration application is filed within thirty days of becoming liable for registration, the effective date is the day the liability arose. If submitted after thirty days, the effective date is the day the registration is granted. Voluntary registration within the exemption limit results in registration from the order date.

Question 8

Can one obtain multiple registrations in a State?

Accepted Answer

Yes, according to the provision of Sub-Section (2) of Section 25, a person with multiple places of business in a State or UT can obtain separate registrations for each, subject to prescribed conditions.

Question 9

Is there a provision for voluntary registration despite no GST liability?

Accepted Answer

Yes, Section 25(3) allows voluntary registration for individuals not mandatorily liable under Section 22 or 24. Once registered, they must pay GST regardless of turnover.

Question 10

Is PAN mandatory for registration?

Accepted Answer

Yes, under Section 25(6) of the CGST/SGST Act, having a PAN issued under the Income Tax Act, 1961 is necessary. However, exceptions exist for those required to deduct tax under Section 51 or non-resident taxable persons.

Question 11

What goods/services are outside GST?

Accepted Answer

GST excludes alcoholic liquor for human consumption, five petroleum products temporarily, and electricity as per Article 366(12A) of the Constitution.

Question 12

How will these commodities be taxed post-GST introduction?

Accepted Answer

The current taxation system (VAT & Central Excise) will remain applicable for these commodities post-GST introduction.