(1) If the annual turnover of a person can be estimated to exceed fifty lakh rupees in the case of goods and twenty lakh rupees in the case of mixed goods and services business and service business, such situation shall be disclosed to the relevant tax officer for registration of the transaction in the format as per schedule-1.
(2) If the amount of the transaction done by someone, without the circumstances that can be estimated according to sub-rule (1), exceeds fifty million rupees in the case of goods and twenty million rupees in the case of goods and services mixed transactions and service business, within thirty days from the date of exceeding such transaction, the person who carries out such transaction as per Schedule-1 In order to register the transaction in the form, an application should be submitted to the relevant tax officer.
(3) ……….
(4) A person who has transacted goods or services to be registered in accordance with sub-section (2) of section 10 of the Act shall register such transaction within thirty days from the date of commencement of this sub-rule.
(5) ........
(6) If a person who should be registered is found to be doing business without registration, the tax officer shall give an order to the person concerned to register within thirty days, stating the basis and the reason, and if that order is received, the person concerned shall register the business within that period.