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 requires charging CGST and SGST and permits input tax credit even below the turnover threshold.
Voluntary registration under GST renders the registrant a normal taxable person, obliging them to charge central and state GST on supplies and permitting them to claim input tax credit on eligible inward supplies. Turnover below the statutory threshold does not compel registration but allows voluntary election; once registered voluntarily, the person is taxable from the first supply. Income tax treatment of expense deductions is distinct from GST.