TaxTMI 
TaxTMI 
Obtaining GST Registration Voluntarily
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....btaining GST Registration Voluntarily<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 8-12-2018 Last Reply Date:- 9-12-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>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, ....
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....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? Reply By KASTURI SETHI: The Reply: Dear Sir, There is no restriction on voluntary registration under ....
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....GST but GST cannot be collected from the buyer/service receiver on his own volition. Collecting any tax without any authority of law is illegal and unconstitutional. That person may deposit such collected tax with Govt.but ITC cannot be taken. No. question of refund if tax collected illegally and deposited with Govt.There are judgements on this issue. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply....
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....: One can register voluntarily if his aggregate turnover is less than ₹ 20 Lakhs. If Tax is not collected Nil return is to be filed. If exempted supply is provided no input tax can be taken or refund cannot be claimed, Reply By YAGAY andSUN: The Reply: We duly endorse the views of our experts. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Thanks Mr. Yagay<br> Discussion Forum - Knowled....
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