A Casual Taxable Person means a person who occasionally supplies taxable goods or services in a taxable territory where he does not have a fixed place of business. Such a person may act as a principal, agent, or in any other capacity for the purpose of supplying goods or services in the course or furtherance of business.
REGISTRATION OF CASUAL TAXABLE PERSON
The liability to register under GST generally arises when a person is a supplier and the aggregate turnover in a financial year exceeds the threshold limit of Rs. 40 lakhs.
However, certain categories of suppliers are required to take compulsory registration irrespective of turnover. The threshold limit of Rs. 40 lakhs does not apply to them. One such category is a Casual Taxable Person.
A Casual Taxable Person:
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Cannot opt for the Composition Scheme.
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Must obtain a Temporary GST Registration.
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Temporary registration is valid for a maximum period of 90 days in the state from where supplies are made.
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Is required to make an advance deposit of GST based on estimated tax liability.
Example:
If Mr. Anuj estimates his taxable services at Rs. 2,00,000, he is required to make an advance deposit of Rs. 36,000 (18% of Rs. 2,00,000) to obtain temporary registration.
REGISTRATION PROCESS OF CASUAL TAXABLE PERSON
The Casual Taxable Person must apply for GST registration in the prescribed form before commencing taxable supplies in the state where he does not have a fixed place of business. Temporary registration will be granted upon payment of estimated tax liability.
EXTENSION OF PERIOD OF REGISTRATION OF CASUAL TAXABLE PERSON
A Casual Taxable Person may apply for an extension of registration in FORM GST REG-11 before the expiry of the validity period.
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The extension can be granted for a further period not exceeding 90 days.
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Extension will be allowed only after deposit of additional estimated tax liability for the extended period.
RETURNS TO BE FILED BY CASUAL TAXABLE PERSON
A Casual Taxable Person is required to furnish the following returns:
FORM : FORM GSTR-1
DETAILS : Details of outward supplies of goods or services
DUE DATE : On or before the 10th of the following month
FORM : FORM GSTR-2
DETAILS : Details of inward supplies
DUE DATE : After 10th but before the 15th of the following month
FORM : FORM GSTR-3
DETAILS : Monthly return
DUE DATE : After 15th but before the 20th of the following month
Note:
A Casual Taxable Person is not required to file an annual return, unlike a normally registered taxpayer.
REFUND BY CASUAL TAXABLE PERSON
A Casual Taxable Person is eligible to claim a refund of any amount deposited in excess of actual tax liability.
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Refund will be processed after all required returns for the registration period are filed.
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Application for refund of excess balance in the electronic cash ledger must be made in Serial No. 14 of the last FORM GSTR-3 return.