Reg but Bellow 20,00,000

[Kishan Barai]

What if a person is Registered under GST & has a turnover of Bellow 20,00,000 ??

Shall he has to charge CGST & SGST from Customer ??

Shall a person will get deduction of Expense like light bill or other expenses like Stationery etc from his Income.

Please elaborate.

Thank You

AI Summary

Voluntary GST Registration: Charge CGST & SGST, Avail ITC, Taxable from First Supply Despite Threshold Exemption A discussion forum addressed a query about GST registration for individuals with a turnover below 20,00,000. It was clarified that while registration is not mandatory below this threshold, voluntary registration requires charging CGST and SGST. Voluntary registrants can avail Input Tax Credit (ITC) on received supplies. The issue of deducting expenses like utility bills pertains to income tax, not GST. Responses highlighted that despite the threshold exemption, voluntary registrants are treated as taxable persons, necessitating tax collection from the first supply post-registration. The discussion also acknowledged the need for further clarification from the tax board.