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Exemption in GST

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(Querist)
15 June 2017 I have a business whose annual turnover is around 8lakh only. I have already taken GST registration but the exemption limit is upto 20 lakhs. so do I need to file any return or pay gst tax? I dont do any interstate sale but I may purchase material from other states. will it change my case for gst?
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 June 2017 since you have taken registration, you need to file the return, NIL though
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CA Rakesh Roshan Nayak

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CA Rakesh Roshan Nayak (Querist)
15 June 2017 is there any procedure to surrender the registration?



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Amol S Joglekar

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Amol S Joglekar (Expert)
15 June 2017 right now, NO. You need to wait till it gets implemented and then cancell the same.

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