can i take new registration in GST
my turnover is Between 5 to 6 lakh propritor ship business of printing and stationery
i dont have sales tax and vat registration
Pls guide me sirs,
the company is asking GSTN No from me
if i dont submit the no they will not do business with me because if they do business with the tax liability is to paid by them as per rule of RCM for avoiding the Tax liability they forse me to do registraion
Pls guide me
Proprietorship in printing seeks GST registration; advised possible under SGST Act Section 25(3) for tax credit benefits. An individual operating a proprietorship business in printing and stationery with a turnover between 5 to 6 lakh seeks guidance on obtaining a GST registration, as a company requires a GST number to avoid tax liability under the Reverse Charge Mechanism (RCM). Respondents advise that voluntary registration is possible under Section 25(3) of the SGST Act, even if the turnover is below the threshold. Benefits of voluntary registration include claiming input tax credit on stock and finished goods, provided invoices are not older than one year. However, credit on capital goods is not permissible. (AI Summary)
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