GST Registration in Manipur

GST Registration in Manipur

Registration is the most important prerequisite in every tax system for the recognition of taxpayers and for ensuring fiscal compliance in the economy. GST Registration of a company to comply with GST law means receiving a unique number from the tax authorities concerned primarily for two purposes. They are responsible for collecting taxes on behalf of the government and for maintaining the credit for input taxes on their input supplies.

Benefits of GST in Manipur

• Various taxes like service taxes, central excise, luxury taxes, sales tax, etc., were combined and brought within one roof. It thus simplifies the overall estimation and collection process.
• GST rates in Manipur are similar to those in other Indian states.
• GST has led to improved transparency in the process of tax collection.
• Industry analysts expect GST to lower the prices of goods and services in the longer term since several VATs had inflated them previously. Now, a single tax has gotten rid of the problem.
• Service providers with a turnover of less than Rs.20 lakh don’t have to pay for GST. The threshold is Rs.10 lakh in the north-eastern states, which is lower than that of other Indian states. This is a big advantage for small businesses because they can avoid a long tax process and instead focus on their business operations.
• GST will also provide much-needed supervision and regulation to unorganized industries such as the textile industry. The unorganized sectors of India provide huge opportunities for employment and generate significant revenue, but they are very volatile in terms of tax liability. This anomaly is sought by the GST.
• In the case of separate taxes on goods and services, to assess the tax liability, the value of the transaction must be divided into the value of goods and services. This results in heightened challenges and logistical problems. The issue is eliminated by the GST.
• Previously the government had faced the dynamic problems of holding numerous indirect taxes. However, all GST operations-related processes are managed by GST, the GST Network (GSTN). It is a fully integrated system that simplifies and facilitates the operation of GST activities.
• GST can only be imposed at the final destination of the item and therefore avoid double taxation at various points from the producer to the retail outlets. That is a step towards ending economic distortions.

Checklist eligibility for registering GST in Manipur

Section 22 to Section 30, of the CGST Act, 2017 includes the registration of a supplier of goods and services. The eligibility criteria to obtain GST registration in Manipur are as follows.

These businesses shall also do online GST registration in Manipur. The GST registration fees in Manipur is different from that of the other states.

• Any person engaged solely in the provision of services and whose total turnover exceeds Rs 10 lakhs shall be liable for registration in the state by this Act.
• Anyone from Manipur whose total turnover is greater than Rs. 40 lakhs (for all other states) must be registered in the state under this act.
• Taxpayers may opt for multiple registrations in Manipur in respect of multiple companies located or operating within the same state.
• There are certain exclusions from the above requirements for registration, which are as follows
  • a. Persons involved in the delivery of the following products
  • i. Ice cream or edible ice confirming that they contain cocoa
  • ii. Tobacco or tobacco substitutes
  • iii. Pan Masala
• b. Persons who register voluntarily following the provisions of Article 25(3) of the 2017 CGST Act;
• c. Persons who are required to deduct tax under section 51, whether or not they are registered separately under this Act;
• d. A person required by the provisions of Section 24 to accept compulsory registration as
• i. The person involved in the taxable supply of goods by inter-state;
• ii. Person liable for payment of tax under the reverse charge mechanism;
• iii. A person who is liable to pay tax under subsection (5) of section 9 of the GST Act;
• iv. A non-resident taxable person who makes taxable supplies;
• v. People who are required to deduct tax under section 51, whether or not registered separately under this Act;
• vi. Individuals making taxable deliveries of goods or services on behalf of other taxable persons, or both, whether as an agent or otherwise;
• vii. Input service distributor, whether or not registered separately as per this Act;
• viii. People who, through an electronic business operator, provide goods or services or both, other than the goods referred to in subsection (5) of section 9, and are obliged to collect tax at source under section 52;
• ix. Any user of electronic commerce obliged to collect tax at source under section 52;
• x. Any person who provides online information and database access or retrieval services to a person in India other than a registered person from a place outside India. These other citizens are notified of the council’s recommendation by the government.

The businesses shall access their Manipur GST rules and the Manipur GST code through the portal for online GST registration in Manipur. The Manipur GST state code is unique and does not resemble that of the other states.

Non-eligibility checklist for GST Registration in Manipur

The persons mentioned below are not responsible for registration, i.e.

• Individuals engaged solely in the supply of goods or services, or both who are not taxable or excluded under this Act or the Integrated Goods and Services Tax Act.
• Farmers, to the extent of the sale of the product acquired from their harvesting

In addition to the above, the government has defined the following group of persons which may be exempt from registration on the advice of the GST Council

• Individuals who make only reverse charge deliveries, the tax on which the receiver is liable to pay the reverse charge.
• The person engaged in the inter-state provision of taxable services and has an aggregated turnover of less than INR 20 Lakhs in the financial year, or INR 10 Lakhs in special category states.
• People who make taxable inter-state supplies of goods with a total turnover of up to Rs.20 lakhs or Rs.10 lakhs. For example, handicrafts, craftsmen 's goods, etc.
• Casual taxable persons making the inter-state supply of taxable goods with a total turnover of up to Rs.20 lakhs or Rs.10 lakhs, i.e. products of artisans, handicrafts, etc.
• Individuals who do taxable inter-state supplies of services to a registered person while having an aggregate turnover to INR 20 Lakhs or 10 Lakhs. This includes all services other than jewellery, goldsmiths, and silversmiths.
• Through an e-commerce operator and with an aggregate turnover of up to Rs. 20 lakhs or Rs.10 lakhs, people offering services other than supplies defined in subsection 5 of section 9.

What are the steps involved in GST registration through Vakilsearch?

Below are the steps involved in GST registration through Vakilsearch:

• Step 1: We help you get a Secure GST Identification Number.
• Step 2: We make it easy for you to get your GST from the comfort of your own home.
• Step 3: We will file your returns and complete all other compliances as and when required.

Documents used for GST registration

When required one can update these details later through the GST Manipur online portal.

• Incorporation Certificate
• Photo of the authorized signatory
• Photo of the stakeholder (promoter/partner)
• Evidence of company address like receipt of energy bill or property tax or a record of legal ownership
• Copy of the resolution adopted by the governing board and
• Authorisation letter
• Proofs like your bank account details, including a copy of your bank statement and the passbook's first page or a cancelled cheque.

Once the documents are submitted, the registration process is commenced. The applicant is then provided with a GSTIN number which is a combination of their PAN, Manipur GST code, Manipur GST number, etc.

The Manipur GST state code is MN. The Manipur GST number or TIN is 14.

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