Gst for small business
This query is : Resolved
Shona Naik
(Querist)
30 June 2017
Can you tell me Gst applicable to turnover below 20 lakh . Gst Migration No Allotted but can u tell me return filling is compulsory for above category turnover.
CA R SEETHARAMAN
(Expert)
30 June 2017
Gst not applicable to turnover below 20 lakh. Apply for cancellation of Gst Migration.
Shona Naik
(Querist)
30 June 2017
but if turnover exceed in future then why cancelled Gst No
26 July 2024
GST Migration: If a business has been allotted a GSTIN during the migration process, it is treated as a registered entity. As such, it must follow the compliance requirements for GST, including return filing, regardless of turnover.
Annual Return Filing: All registered entities, including those with turnover below ₹20 lakh if they opted for voluntary registration, must file an annual return (GSTR-9).
Annual Return Filing: All registered entities, including those with turnover below ₹20 lakh if they opted for voluntary registration, must file an annual return (GSTR-9).
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