GST registration

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ankita gandhi (Querist)
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10 May 2017 I have a client, they have general stores, so goods are purchased at different VAT rates on the basis of MRP, so kindly tell me how should we optfor registration. They were not registered for VAT. So guide me whole procedure.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 May 2017 If the total turnover for the year doesn't exceed 20 lacs no need of GST registration. If it exceeds 20 lacs but not exceeds 50 lacs opt for composition scheme where you will have to pay 1% GST on sale value.

ankita gandhi

ankita gandhi (Querist)
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10 May 2017 The whole sales value ? as there are some stationery books, on which VAT is not applicable. Only cosmetics have VAT

ankita gandhi

ankita gandhi (Querist)
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10 May 2017 Are they need to maintain proper books of accounts.. ? And when registration should be opted for ?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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10 May 2017 Yes you have to maintain proper books but fresh registration under GST not started, wait for further notification.

ankita gandhi

ankita gandhi (Querist)
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10 May 2017 ok. thanks like for turnover of 20-30 proper books are necessary ? And even will like to know what should we do now as if for first quarter as there is no VAT even registered now

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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10 May 2017 Only maintain books of accounts. Nothing else

ankita gandhi

ankita gandhi (Querist)
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10 May 2017 ok thanks 😊

RAJESH SHUKLA

RAJESH SHUKLA (Expert)
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11 May 2017 only migration to GST is started who is already registered under Sales Tax, Vat or Service Tax etc.,but still closed. wait for notification regarding Fresh GST registration

ankita gandhi

ankita gandhi (Querist)
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11 May 2017 Thanks. Actually as entity was small and mixed items so was confused.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 May 2017 GST Registration details are provided by further notification

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