Obtaining GST Registration Voluntarily

[Kaustubh Karandikar]

XYZ is a proprietor of an ENT Hospital. The income generated by the hospital along with the proprietor’s other income such as earning through Residential premises given on rent, capital gains, bank interest, FD interest, interest on loan given to a company, interest on PPF and dividend etc. 1) Can XYZ obtain GST Registration voluntarily, despite no statutory obligation? If yes, 2) will XYZ able to take credit of inputs / input services and later claim refund as there are no taxable outward supplies?

AI Summary

ENT Hospital Seeks Voluntary GST Registration; Clarified: No Tax Collection Without Authority, ITC Restrictions Apply An individual operating an ENT hospital inquired about the possibility of obtaining voluntary GST registration despite not being legally required. The responses clarified that voluntary registration is permissible, but GST cannot be collected without legal authority, and input tax credit (ITC) cannot be claimed if the tax is collected illegally. Additionally, if the aggregate turnover is below 20 lakhs and no tax is collected, a nil return must be filed. If only exempt supplies are provided, ITC and refunds are not applicable. The consensus among respondents supported these views.