Uttarakhand Q.4 If the existing VAT dealer’s threshold limit does not exceed under GST then is registration is required? Ans:- Yes, As per sec 22(2) if any person holds registration or license under earlier law then he is also liable to be registered under the GST Act with effect from the appointed day. Q.5 Who is liable for registration, in case of transfer of business? Ans:- As per sec. 22 (3) where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transferee or the successor, as the case may be, shall be liable to be registered with effect from the date of such transfer or succession. As per sec. 22(4) in a case of transfer pursuant to sanction of a scheme or an arrangement for amalgamation or, as the case may be, de-merger of two or more companies pursuant to an order of a High Court, Tribunal or otherwise, the transferee shall be liable to be registered, with effect from the date on which the Registrar of Companies issues a certificate of
Uttarakhand Q.4 If the existing VAT dealer’s threshold limit does not exceed under GST then is registration is required? Ans:- Yes, As per sec 22(2) if any person holds registration or license under earlier law then he is also liable to be registered under the GST Act with effect from the appointed day. Q.5 Who is liable for registration, in case of transfer of business? Ans:- As per sec. 22 (3) where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transferee or the successor, as the case may be, shall be liable to be registered with effect from the date of such transfer or succession. As per sec. 22(4) in a case of transfer pursuant to sanction of a scheme or an arrangement for amalgamation or, as the case may be, de-merger of two or more companies pursuant to an order of a High Court, Tribunal or otherwise, the transferee shall be liable to be registered, with effect from the date on which the Registrar of Companies issues a certificate of
GST_Registration_Input_Tax_Credit.docx