Minimum Threshold limit

[Archna Gupta]

Hi,

Please suggest whether the limit of 20 lacs is applicable on exporters of services also as this limit now covers Inter state supply also.

Thanks

Archna Gupta

[KASTURI SETHI]

Yes, the value of export is to be included while arriving at threshold limit of ₹ 20 lakhs.

[DR.MARIAPPAN GOVINDARAJAN]

Yes, applicable.

[Nash Industries I Pvt Ltd]

Exporters need to be registered under GST irrespective of the Turnover Limit.

Please refer Section 24 - Compulsory registration.

It says persons making Inter state supplies. Export is an Inter State Supply.

Regards

S.Ramaswamy

[Archna Gupta]

Dear Mr. Ramaswamy,

Sec 24 regarding compulsory registration for doing Inter state sales of taxable services has been changed after Notification No. 10/2017- Integrated Tax dated 13th October, 2017 has been issued by the Government. That is the reason this confusion is arising.

[Nash Industries I Pvt Ltd]

Thanks for the reminding 10/2017.

Per se the notification exempts from Registration in case of inter state supply of services.

However, my suggestion is not to de-register.

Regards

S.Ramaswamy

[Archna Gupta]

We are not registered yet. Now we would have to register or exemption applicable on export.

[Archna Gupta]

We are not registered yet. Now we would have to register or exemption applicable on export of services

[Nash Industries I Pvt Ltd]

It is advisable to register under GST rather than seeking exemption from registration under the threshold.

Regards

S.Ramaswamy

[KASTURI SETHI]

Rightly advised by Sh.S.Ramaswamy Sir.

[Ganeshan Kalyani]

I too agree with the views of the experts.

[Kishan Barai]

ITXC on exports would only be allowed if you have GSTN number

[Kishan Barai]

ITC for exports would be only allowed if you have GST number

[CSSANJAY MALHOTRA]

GSTN no should replace completely the IEC code in times to come. Retention of GSTIN as suggested by my friends would gain the company.

AI Summary

Threshold limit applicability for exports: include export value and consider GST registration to secure input tax credit and export benefits.
Export supplies of services are to be included in turnover for the GST threshold limit, potentially triggering registration, even though a notification exempts certain inter-state service supplies from compulsory registration; nevertheless, exporters are advised to obtain GST registration to secure eligibility for input tax credit and export-related tax benefits, with GSTIN likely to become the primary identifier for exporters.