GST Threshold Exemption

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....ST Threshold Exemption<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 5-1-2021 Last Reply Date:- 10-1-2021 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>XYZ (franchise) selling ....

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....products under brand of PQR (Franchisor). PQR not taking any royalty from franchise. XYZ not allowed to sell product other than of PQR. E.g., MRP of product 'X' is &#8377;.100/-, 'Franchisor' charging....

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.... XYZ &#8377;.90 + &#8377;.2 GST= &#8377;.92 by issuing a tax invoice. XYZ making payment to franchisor against this. XYZ re - selling product to customer at MRP of &#8377;.100/- thereby getting a prof....

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....it of &#8377;.8 (100 - 92). Can XYZ claim exemption up to &#8377; 20 Lacs or need to pay GST from day one? Reply By KASTURI SETHI: The Reply: In my view, no threshold exemption is available Covered ....

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....under compulsory registration under Section 24 (vii) of CGST Act. Emphasis is supplied on the expression, &quot;or otherwise&quot;. Reply By Ganeshan Kalyani: The Reply: I agree with the views of Sr....

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....i Kasturi Sir.<br> Discussion Forum - Knowledge Sharing ....