A taxable person under GST is anyone who is registered under GST or required to be registered under GST. Various criteria’s like turnover, business activity or transaction have been specified in the GST Act, which details persons liable to be registered under GST. Further, any person having registration under Service Tax, VAT or Central Excise on the date of GST coming into force will automatically be considered a taxable person under GST.
Casual taxable persons or occasional taxpayers are given special treatment under GST.
The Goods and Service Tax Act defines a casual taxable person as a person who occasionally undertakes transactions that involve the supply of goods or services or both.
Hence, individuals running temporary businesses in fairs or exhibitions or seasonal businesses will need to get casual taxable person GST registration.
Casual taxable person GST registration is necessary irrespective of the annual turnover, and the process must be initiated at least five days before the business undertaking. GST registration application for casual taxable persons can be made using FORM GST REG-01.
