Apmc gst registration
This query is : Resolved
mallikarjuna
(Querist)
12 June 2018
APMC Exempted Turnover and also rental income of Rs. 900000/- . Is it mandatory GST Registration for APMC?
APMC Exempted Turnover and also rental income of Rs. 900000/- . Is it mandatory GST Registration for APMC?
CA Kartik Pandya
(Expert)
13 June 2018
No if taxable supplies does not exceed Rs.20 Lac then no need to take registration . . .
mallikarjuna
(Querist)
13 June 2018
which section it says or notification
CA Kartik Pandya
(Expert)
13 June 2018
Following is extract of Sec 2(6) of CGST Act, 2017 for aggregate turnover which is a threshold limit for Registration :
“aggregate turnover” means the aggregate value of all taxable supplies
(excluding the value of inward supplies on which tax is payable by a person on reverse
charge basis), exempt supplies, exports of goods or services or both and inter-State
supplies of persons having the same Permanent Account Number, to be computed on all
India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;"
“aggregate turnover” means the aggregate value of all taxable supplies
(excluding the value of inward supplies on which tax is payable by a person on reverse
charge basis), exempt supplies, exports of goods or services or both and inter-State
supplies of persons having the same Permanent Account Number, to be computed on all
India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;"
mallikarjuna
(Querist)
13 June 2018
Sec 2(6) of CGST Act, it also includes exempt supplies. So APMC is take the registration under GST
CA Kartik Pandya
(Expert)
13 June 2018
Yes in your case Registration is required . . .
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