Question 1

What is the threshold limit for GST registration in Karnataka?

Accepted Answer

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

Question 2

What is the GST number of Karnataka?

Accepted Answer

The GST number for Karnataka starts with '29' 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 Karnataka?

Accepted Answer

Following Karnataka GST registration, compliance involves 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 Karnataka?

Accepted Answer

Non-compliance with GST regulations in Karnataka can result in penalties such as fines, interest on delayed payments, and legal consequences. Penalties vary based on the nature of the violation, including late filing of returns, incorrect invoicing, or failure to maintain proper records.

Question 5

Can I voluntarily cancel my GST registration in Karnataka?

Accepted Answer

Yes, businesses in Karnataka 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 a person doing online business from home register for GST in Karnataka?

Accepted Answer

Yes, online businesses operating from home need to register for GST if their turnover exceeds the prescribed threshold limit.

Question 7

Is Aadhaar authentication mandatory for GST registration in Karnataka?

Accepted Answer

Yes, Aadhaar authentication of promoters or proprietors is mandatory for GST registration in Karnataka unless exempted under specific conditions.

Question 8

Can a person register for GST without a PAN card in Karnataka?

Accepted Answer

No, a PAN card is a mandatory requirement for GST registration in Karnataka for all types of entities.

Question 9

Are non-resident taxable persons required to register for GST in Karnataka?

Accepted Answer

Yes, non-resident taxable persons supplying goods or services in Karnataka need to obtain GST registration before starting business operations.

Question 10

What is the validity period of the GST registration certificate in Karnataka?

Accepted Answer

The GST registration certificate remains valid until surrendered, canceled, or suspended and doesn't have an expiration date.