Section 2(107) - Definition of "taxable person" under CGST Act

2(107).1 Definition of taxable person

Section 2(107)

“taxable person” means a person who is registered or liable to be registered u/s 22 or  24

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Significance of Taxable Person

Under GST law, the concept of taxable person is significant since tax on supplies of goods and/services, is to be paid by a taxable person.

Thus, even an unregistered person who is liable to be registered is a taxable person.

Similarly, a person not liable to be registered, but has taken voluntary registration and got himself registered is also a taxable person

 

 

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