Exemption Limit vs. Registration Limit :
In the erstwhile law the facility of SSI/ SSP exemptions were provided wherein even though assesse have taken the registration they were not required to collect and pay tax unless they crossed the threshold limit. However, in GST regime no such exemption is provided under the law. Once registration is taken the assesse is mandatorily required to collect and pay tax to the government irrespective of threshold. As per Section 2(107) of the CGST Act, 2017 “taxable person” means a person who is registered or liable to be registered under section 22 or section 24; this means a registered person is a taxable person. It is important to note that Sec 9 of CGST Act, 2017 imposes leviability to taxable person and therefore once registration is obtained the concept of taxable person gets triggered.