Advertisement

Advertisement banner

Advertisement

Advertisement banner
OthersWhat is Difference Between A Regular Tax...
S

| Posted on January 20, 2020 | others

What is Difference Between A Regular Taxable Person and a Casual Taxable Person?

1 Answers
G

@gaurijadhav6246 | Posted on January 20, 2020

A regular taxable person is not a casual taxable person which means he has a fixed place of business in the location where he is practising his business. A regular taxable person is eligible for composition scheme levy. A regular taxable person files annual returns unlike the monthly returns of the casual taxable person.
Thus, any person carrying out the supply of goods and/or services in a place not falling in his taxable territory and who does not own any establishment in that place is referred to as a casual taxable person. He must get himself registered in such states where he intends to carry out business activities and must apply for registration at least 5 days before commencing the business activities.
0 Comments