“Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.

A casual taxable person (other than those making supply of specified handicraft goods) making taxable supply in India has to compulsorily take registration. There is no threshold limit for registration. Casual Taxable persons making supply of specified handicraft goods need to register only if their aggregate turnover crosses Rs. 20 Lakh (Rs. 10 lakh for in case of Special Category States, other than the State of Jammu and Kashmir.). A casual taxable person cannot exercise the option to pay tax under composition le                vy. He has to apply for registration at least five days prior to commencing his business in India. The specified handicraft goods are as under:

Sr no.

Products

 HSN Code

1

 

Leather articles (including bags, purses, saddlery, harness, garments)

4201, 4202, 4203

2

Carved wood products (including boxes, inlay work, cases, casks)

4415, 4416

3

Carved wood products (including table and kitchenware)

4419

4

Carved Wood Products

4420

5

Wood turning and lacquer ware

4421

6

Bamboo products [decorative and utility items]

46

7

Grass, leaf and reed and fiber products, mats, pouches, wallets

4601, 4602

8

Paper Mache articles

4823

9

Textile (handloom products), Handmade shawls stoles and scarves

Including 50, 58, 61,62, 63

10

stoles and scarves

stoles and scarves

11

Zari thread

5605

12

Carpet, rugs and durries

57

13

Textiles hand embroidery

58

14

Theatre costumes

61,62,63

15

Coir products (including mats, mattresses)

5705, 9404

16

Leather footwear

6403, 6405

17

Carved stone products (including statues, statuettes, figures of animals, writing sets, ashtray, candle stand)

6802

18

Stones inlay work

68

19

Pottery and clay products, including terracotta

6901,6909, 6911, 6912, 6913, 6914

20

Metal table and kitchen ware (copper, brass ware)

7418

21

Metal statues, images/statues vases, urns and crosses of the type used for decoration of metals of chapters 73 and 74

8306

22

Metal bidriware

8306

23

Musical instruments

92

24

Horn and bone products

96

25

Conch shell crafts

96

26

Bamboo furniture, cane/Rattan furniture

 

27

Dolls and toys

9503

28

Folk paintings, madhubani, patchitra, Rajasthani miniature

97

29

Chain switch

Any chapter

30

Crewel, Namda, Gabba

Any chapter

31

Wicker willow products

Any chapter

32

Toran

Any chapter

33

Articles made of shoal

Any chapter

A casual taxable person has to make an advance deposit of tax in an amount equivalent to his estimated tax liability for the period for which the registration is sought.

Registration: A casual taxable person has to apply for registration at least five days prior to the commencement of business. There is no special form to register as a casual taxable person. The normal FORM GST REG-01 which is used by other taxable persons can be used for obtaining registration by casual taxable person also. A casual taxable person, before applying for registration, should declare his Permanent Account Number, mobile number, e-mail address, State or Union territory in Part A of FORM GST REG-01on the common portal, either directly or through a Facilitation Centre notified by the Commissioner.

The Permanent Account Number shall be validated online by the common portal from the database maintained by the Central Board of Direct Taxes. The mobile number declared shall be verified through a one-time password sent to the said mobile number; and the e-mail address shall be verified through a separate one-time password sent to the said e-mail address. On successful verification of the Permanent Account Number, mobile number and e-mail address, a temporary reference number shall be generated and communicated to the applicant on the said mobile number and e-mail address.

Using this reference number generated, the applicant shall electronically submit an application in Part B of FORM GST REG-01, duly signed or verified through electronic verification code, along with the documents specified in the said Form at the common portal, either directly or through a Facilitation Centre notified by the Commissioner. The applicant will be given a temporary reference number by the Common Portal for making the mandatory advance deposit of tax for an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought. The registration certificate shall be issued electronically only after the said deposit appears in his electronic cash ledger. The amount deposited shall be credited to the electronic cash ledger of casual taxable person. On depositing the amount, an acknowledgement shall be issued electronically to the applicant in FORM GST REG-02.

Using this reference number generated, the applicant shall electronically submit an application in Part B of FORM GST REG-01, duly signed or verified through electronic verification code, along with the documents specified in the said Form at the common portal, either directly or through a Facilitation Centre notified by the Commissioner. The applicant will be given a temporary reference number by the Common Portal for making the mandatory advance deposit of tax for an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought. The registration certificate shall be issued electronically only after the said deposit appears in his electronic cash ledger. The amount deposited shall be credited to the electronic cash ledger of casual taxable person. On depositing the amount, an acknowledgement shall be issued electronically to the applicant in FORM GST REG-02.

In case the casual taxable person intends to extend the period of registration indicated in his application of registration, an application in FORM GST REG-11shall be submitted electronically through the Common Portal, either directly or through a Facilitation Centre notified by the Commissioner, before the end of the validity of registration granted to him. The validity period of ninety days can be extended by a further period not exceeding ninety days. The extension will be allowed only on payment of the amount of an additional amount of tax equivalent to the estimated tax liability for the period for which the extension is sought.

Returns: The casual taxable person is required to furnish the following returns electronically through the common portal, either directly or through a Facilitation Centre notified by the Commissioner:

a) FORM GSTR-1 giving the details of outward supplies of goods or services to be filed on or before the tenth day of the following month.

b) FORM GSTR-2, giving the details of inward supplies to be filed after tenth but before the fifteenth day of the following month.

c) FORM GSTR-3 to be filed after fifteenth day but before the twentieth day of the following month.

 d) FORM GSTR-3B to be filed but before the twentieth day of the following month

It may be mentioned that presently only FORM GSTR-1 and FORM GSTR-3B is required to be filed. Special Returns procedure for registered persons with turnover up to Rs. 1.5 Crore:

 The government has notified that the registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year, as the class of registered persons who shall follow the special procedure as detailed below for furnishing the details of outward supply of goods or services or both.

The said persons shall furnish the details of outward supply of goods or services or both in FORM GSTR-1 effected during the quarter as specified in column (2) of the Table below till the time period as specified in the corresponding entry in column (3) of the said Table, namely

Sr. No.

Quarter for which the details in FORM GSTR-1 are furnished

Time period for furnishing the details in FORM GSTR-1

1

July - September, 2017

10th January, 2018

2

October - December, 2017

15th February, 2018

3

January - March, 2018

30th April, 2018

The special procedure or extension of the time limit for furnishing the details or return, as the case may be, under sub-section (2) of section 38 (GSTR-2) and sub-section (1) of section 39 (GSTR-3) of the Act, for the months of July, 2017 to March, 2018 shall be subsequently notified in the Official Gazette.

Special Returns procedure for registered persons with turnover exceeding Rs. 1.5 Crore:

The government has notified that the registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year shall furnish the details of outward supply of goods or services or both in FORM GSTR-1 effected during the quarter as specified in column (2) of the Table below till the time period as specified in the corresponding entry in column (3) of the said Table, namely

Sr no

Month for which the details in FORM GSTR-1 are furnished

Time period for furnishing the details in FORM GSTR-1

1

July - November, 2017

10th January, 2018

2

July - November, 2017

10th February, 2018

3

January, 2018

10th March, 2018

4

February, 2018

10th April, 2018

5

March, 2018

10th May, 2018

 

The special procedure or extension of the time limit for furnishing the details or return, as the case may be, under sub-section (2) of section 38 (GSTR-2) and sub-section (1) of section 39 (GSTR-3) of the Act, for the months of July, 2017 to March, 2018 shall be subsequently notified in the Official Gazette. However, a casual tax person shall not be required to file any annual return as required by a normal registered taxpayer.

Refund by Casual taxable person:

 The casual taxable person is eligible for the refund of any balance of the advance tax deposited by him after adjusting his tax liability. The balance advance tax deposit can be refunded only after all the returns have been furnished, in respect of the entire period for which the certificate of registration was granted to him had remained in force. The refund relating to balance in the electronic cash ledger has to be made in serial no. 14 of the last FORM GSTR-3 return required to be furnished by him (instead of FORM GST RFD 01).

 

 

 

If you like my article, please share this on :


Search Professional Post Query Post Assignment Read More Articles

In case of business query on above subject, comment here or contact One Roof Consultant




article author

One Roof Consultant

Tax Expert
Tax solutions provider , One Roof Consultant



CHECKOUT TRENDING ARTICLES


  • How to Pay Zero Tax for Income up to Rs 12 Lakhs from Salary for Financial Year 2016-17

  • Do not wait till 31st July to file your Income Tax Return – Keep Ready 9 documents to file before due date

  • Missed to Submit HRA declaration to Employer? You can claim HRA at the time of Filing Returns and get Refund from Income Tax

  • Features and Step wise process - Income Declaration Scheme 2016 – Convert your Black Money to White

  • How to Pay Zero Tax for Business Receipts -Turnover of Rs 1 Crore

  • How to Pay Zero Tax for Professionals (CA, CS, Lawyers, Doctors, etc) earning Income of Rs 16 Lakhs

  • Why you should file Income Tax Return? Benefits of Filing Income Tax Returns

  • How to save Rs 10 crore as retirement corpus

  • Having Turnover of Less than 10 Lakhs? How to File NIL Service Tax return with Circular No 033/2012

  • Starting a New Business or Profession? Compare Structure and type of Entity– Sole, Partnership, LLP or Company

  • Revised and Latest TDS Tax Deducted at Source Rate Chart for FY 2016-17 AY 2017-18

  • Exemption for Capital Gain Arising on Transfer of Resident House Property

  • WILL- Important points, Tax Advantages of will and Format of WILL

  • Revised and Latest TDS Tax Deducted at Source Rate Chart for FY 2016-17 AY 2017-18

  • Exemption for Capital Gain Arising on Transfer of Resident House Property

  • WILL- Important points, Tax Advantages of will and Format of WILL

  • Senior Citizens Tax Benefits in Income Tax Act - Filing, exemptions, advance tax and other benefits

  • Registration process for Trade Mark


  • GET FREE ARTICLE UPDATES VIA EMAIL

    Always stay updated with latest information on expertmile

    I hope by reading this article you got enlighten on ,Casual taxable person in GSThow much cost will it take to purchase commercial car, further to mention before taken any financial decision based on this content it is prefered to take an expert opinion as matter can be subjective.