https://www.taxtmi.com/article/detailed?id=9360 Threshold exemption reduces the effective rate of tax to nil up to the prescribed limit, so no tax is collectible until the threshold is crossed. The exemption should be applied to taxable turnover only; exempted, nil-rated or non-taxable supplies must be excluded from aggregate turnover for registration and compliance. Section 11 and its Explanation imply that where exemption applies a supplier shall not collect tax in excess of the effective rate. Clarification is recommended to prevent unnecessary registration, compliance burden and litigation. en-us Sat, 18 Jul 2020 12:50:03 +0530 Sat, 18 Jul 2020 12:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9360 Threshold exemption reduces the effective rate of tax to nil up to the prescribed limit, so no tax is collectible until the threshold is crossed. The exemption should be applied to taxable turnover only; exempted, nil-rated or non-taxable supplies must be excluded from aggregate turnover for registration and compliance. Section 11 and its Explanation imply that where exemption applies a supplier shall not collect tax in excess of the effective rate. Clarification is recommended to prevent unnecessary registration, compliance burden and litigation. Articles Goods and Services Tax - GST Sat, 18 Jul 2020 12:50:03 +0530 https://www.taxtmi.com/article/detailed?id=9360