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 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.
The term “person” has been defined in Section 2(73) of the GST Act as follows:
The definition for taxable person under GST is similar to the definition in the existing Service Tax law. Its important to note that the definition for taxable person includes all kinds of judicial persons (artificial persons) also and not only natural persons.
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