GST Exemption Based on Turnover

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This discussion clarifies GST exemption rules based on turnover in Tamil Nadu. If you've registered for GST, even with a turnover below the Rs 40 lakh threshold, you generally cannot claim exemption. Once registered, you are typically required to collect and pay GST on your sales, regardless of your turnover.

S.Jegadeesan

S.Jegadeesan (Querist)
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29 April 2021 Sir,

I would like to clarify the following
If anyone got the registration and doing the business of trading (in Tamil Nadu )with turnover less than Rs 40 Lakh is eligible claim the exemption . i.e. Whether he can sell the goods without collecting tax even he purchased with Tax ? Further he can claim the exemption while filing his GST Returns.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 April 2021 Once registered threshold 40 lacs not applicable. You have to charge GST irrespective of turnover. Exemption can't be claimed in such a case.

CA PARTH SHAH

CA PARTH SHAH (Expert)
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03 May 2021 Once the gst registration is taken. Threshold limit of Rs 40 lakhs shall not exist
Dealer will have to pay collect gst and pay to the department.

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