GST on turnover which was before reachine 20 Lac

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Mohan (Querist)
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05 September 2020 Hello,

I am confused, GST registration turnover limit for service is 20 Lac. So, if anyone exceeding that limit turnover 20 Lac will have to register and will have to pay post-registration but what about the turnover till 20 Lac?
Post-registration does that person have to pay the GST on that 20 Lac also?
I am a freelancer with the export of service only so till 20 Lac turnover do I have to have FIRC for all my transactions or that will be required for the transactions post 20 Lac limit. Please Answer.

Thanks in advance.

Jai Hind

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 September 2020 No GST payable on turnover till 20 lacs.
FIRC required for all transactions.

Mohan

Mohan (Querist)
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05 September 2020 Thanks for your reply but now I am more confused.
In my knowledge, FIRC is required to claim a refund of paid GST and to prove that the transaction is against the Export of service only.
So, if No GST payable on turnover till 20 lacs then why FIRC is required till 20 lacs turnover. Please help.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 September 2020 Agree with you FIRC not required in such a case.

Lekhraj sood

Lekhraj sood (Expert)
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06 September 2020 No FIRC required till 20 lakhs from GST point of view but from FEMA angle you need to receive payments for export of services though no formal FIRC is needed.

Mohan

Mohan (Querist)
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06 September 2020 Thanks for your reply. From the FEMA angle, FIRC is needed or not?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 September 2020 FEMA angle FIRC required.

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