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gst migration

shubham (Student CA Final ) (41 Points)

26 May 2017

is it compulsory for a registerd taxable person under vat whose turnover is below 20 lakh migration under gst act, and what if he cancelled his registration under vat just before commencement of gst act

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8 Replies

CA CS Jainam Shah (Practicing Chartered Accountant) (2492 Points)
Replied 26 May 2017

Yes. It is compulsory to register.

If you cancel the registration then he is not required to register. But how can you de register as upto GST notified you are liable to charge vat on the invoices..

shubham (Student CA Final ) (41 Points)
Replied 26 May 2017

So it's mean I have to compulsory register into gst and have to follow gst provisions and fill returns then what the mean of threshold last limit of 20 lakh

CA CS Jainam Shah (Practicing Chartered Accountant) (2492 Points)
Replied 27 May 2017

No Dear.. After migrating into GST you can apply for surrender of registration under GST law by mentioning turnover below Rs 20 Lakhs..

Farhaad Jiwani (Tax Consultant at Nagpur) (303 Points)
Replied 27 May 2017

hello to all I personally disagree with Jainamji, VAT dealer is not required to migrate it into GST as threshold limit is 20lakhs for regn

CA CS Jainam Shah (Practicing Chartered Accountant) (2492 Points)
Replied 27 May 2017

Here is the excerpt of Section 22(2). You can interpret by yourself.

Every person who, on the day immediately preceding the appointed day, is registered or holds a licence under an existing law, shall be liable to be registered under this Act with effect from the appointed day.

CA BHAVESH GADHAVI (chartered accountant) (53 Points)
Replied 27 May 2017

Originally posted by : Farhaad Jiwani
	hello to all I personally disagree with Jainamji, VAT dealer is not required to migrate it into GST as threshold limit is 20lakhs for regn

Dear sir at present all assessee who has registered under any of law required to migrate under GST. IF assessee's turnover is less than 20Lakhs later he/she can apply forn surrender of GST number. BUT at present Migration is compulsory.