Exemption limit

[Amresh kumar]

Sir,

In 2018-19 I raised a bill for professional service amounting to Rs Sixteen lakhs ( ₹ 16,00,00,0/-) in 2019-20 I raised the bill for professional service for Rs Twelve lakhs Rs(12,00,00,0).

The TDS was deducted in 2019-20 for both the years I.e 2018-19 and 2019-20. Now 26 AS statement for 2019-20 reflects the amount of SRS 28,00,00,0/-.

Shall I have to take GST registration since the TDs for 2018-19 is reflected in 2019-20.

Regards

Amresh Kumar

AI Summary

GST registration threshold: annual turnover, not TDS timing, governs registration; report turnover correctly to avoid notices.
GST registration depends on the annual turnover of the relevant financial year, not on TDS reflected in Form 26AS; if receipts in each year are below the exemption threshold, registration is not required, though taxpayers should report turnover by the correct year and avoid claiming TDS in a manner that creates mismatches which may attract notices.