Mandatory Requirement of Registration: As per Section 24 of CGST Act , there is mandatory requirement of obtaining Registration . There is no threshold limit of Rs 20.00 Lacs and Rs 10.00 Lacs .
Registration is to be be obtained with in 30 days of Rendering the Service.
Consequences of Not obtaining Registration:
1) Legally cannot work as E commerce operator.
2) Can not collect Tax from any person.
3) Can not raise Taxable Invoice.
4) Department will issue Show cause notice of imposing penalty and penalty may be levied upto Rs 25,000.00 ( Rupees Twenty five thousand only) . And even after paying Penalty , registration will have to be obtained.
Compliances after obtaining Registration :
1) Issuance of Taxable invoices with in 30 days of Rendering of service.
2) Filing of Monthly GSTR 1 , GSTR 2 & 3.
3) Deposit of Tax.
4) Failure of Furnishing the return, Penality may be imposed upto Rs 10,000.00
