CASUAL/NON-RESIDENT TAXABLE PERSONS
Casual Taxable Persons are those who undertakes business transactions occasionally in a State where he has no fixed place of business. A Non Resident Taxable Persons are those non residents who undertakes business transactions occasionally in a State in India. Thus a CTP may have a fixed place of business in some other state. However, NRTP won’t.
Applicable both for CTP and NRTP:
- Mandatory registration irrespective of turnover.
- CTP involved in supply of handicraft goods liable for registration only if turnover crosses threshold.
- No composition provisions
- Apply atleast 5 days before commencement of business.
- Payment of tax in advance at the time of registration.
- Validity of registration shall be upto the date specified in the registration or 90 days whichever is earlier.
- No Annual return
- Registration to be sought in the state where business is planned to be conducted.
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