TaxTMI 
TaxTMI 
TaxTMI 
Minimum Threshold limit
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....inimum Threshold limit<br> Query (Issue) Started By: - Archna Gupta Dated:- 16-11-2017 Last Reply Date:- 19-11-2017 Goods and Services Tax - GST<br>Got 13 Replies<br>GST<br>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 Reply By KASTURI SETHI: The Reply: Yes, the value of export ....
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....is to be included while arriving at threshold limit of ₹ 20 lakhs. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Yes, applicable. Reply By Ramaswamy S: The Reply: 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.Ramaswam....
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....y Reply By Archna Gupta: The Reply: 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. Reply By Ramaswamy S: The Reply: Thanks for the reminding 10/2017. Per se the n....
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....otification exempts from Registration in case of inter state supply of services. However, my suggestion is not to de-register. Regards S.Ramaswamy Reply By Archna Gupta: The Reply: We are not registered yet. Now we would have to register or exemption applicable on export. Reply By Archna Gupta: The Reply: We are not registered yet. Now we would have to register or exemption applicable on ex....
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....port of services Reply By Ramaswamy S: The Reply: It is advisable to register under GST rather than seeking exemption from registration under the threshold. Regards S.Ramaswamy Reply By KASTURI SETHI: The Reply: Rightly advised by Sh.S.Ramaswamy Sir. Reply By Ganeshan Kalyani: The Reply: I too agree with the views of the experts. Reply By Kishan Barai: The Reply: ITXC on exports would o....
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....nly be allowed if you have GSTN number Reply By Kishan Barai: The Reply: ITC for exports would be only allowed if you have GST number Reply By CS SANJAY MALHOTRA: The Reply: GSTN no should replace completely the IEC code in times to come. Retention of GSTIN as suggested by my friends would gain the company.<br> Discussion Forum - Knowledge Sharing ....