TaxTMI 
TaxTMI 
Threshold Limit
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....hreshold Limit<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 18-4-2019 Last Reply Date:- 21-4-2019 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>An HUF was registered for GST in FY2018-19. Its gross GST turnover (office rent, car hire charges) was 15.50 lakhs before it opted for registration. After registration, there was no further income. So, no GST was charged/paid. It f....
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....iled NIL returns. In FY2019-20, it will be required to charge GST on the entire turnover? I.e. even before it reaches 20 lakhs? Or charge GST only after it crosses 20 lakhs? Reply By Aastha jain: The Reply: GST need to be charged on entire turnover after taking voluntary registration under GST. Reply By KASTURI SETHI: The Reply: Dear Sir, In view of turnover being below ₹ 20 lakhs in th....
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....e year 2018-19, you can get registration cancellation. If you continue registration, you will have to pay GST from Re one from 1.4.19 onwards. No thresold exemption will be available. Reply By SHARAD ANADA: The Reply: Refer Sec 2(107) and Sec 9(1) of CGST Act 2017. 2 (107) "taxable person" means a person who is registered or liable to be registered under section 22 or section 24; 9. (1) Subjec....
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....t to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 and at such rates, not exceeding twenty per cent., as may be notified by the Government on the recommendations of the Council a....
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....nd collected in such manner as may be prescribed and shall be paid by the taxable person. Reply By KASTURI SETHI: The Reply: Dear Querist, Yes. Your client is covered by the above definitions as opined by Sh.Sharad Anada Ji. Reply By CASusheel Gupta: The Reply: As per section 25(3) - A person, though not liable to be registered under section 22 or section 24 may get himself registered volunt....
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....arily, and all provisions of this Act, as are applicable to a registered person, shall apply to such person. So once registered, no distinction between voluntary or compulsory Need to pay tax from ₹ 1/- Thanks and Regards CA Susheel Gupta 9811004443 Reply By Spudarjunan S: The Reply: Dear Sir, The threshold limit of ₹ 20 lakhs would be available only once for the purpose of reg....
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....istration. Once you are registered you need to pay GST on post registration supplies from the scratch subject to exemption provided for supply of goods/services. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Once your registered under GST you are liable to levy GST and pay to the credit of the Central Government. You have to file NIL return when there is no tax levied and paid.<br> Discussion F....
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