Registration under GST

[mathur ramachandran]

My client has income of 18 Lakhs by way of supply of services and has agricultural income of 19 lakhs in FY 17-18 (period 1.7.17 to 31.3.18). He has not taken registration.Is he liable to take registration under GST. and if yes, what will be his GST liability for the FY 17-18 and what are the other consequences?

[Himansu Sekhar]

After crossing the exemption limit, he should pay the gst along with interest.

[KASTURI SETHI]

Threshold exemption of twenty lakhs in respect of supply of services is your constitutional right. You can apply within 30 days after crossing 20 lakhs.

AI Summary

Threshold exemption for supply of services requires registration and payment of GST with interest once exceeded. Registration becomes obligatory when the taxable supply of services exceeds the threshold exemption of twenty lakhs; GST for the period after crossing the threshold must be paid along with applicable interest. The taxpayer retains the threshold exemption until exceeded but must apply for registration within the short statutory period after crossing and regularise tax liabilities arising thereafter.