GST registration
This query is : Resolved
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.
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.
10 May 2017
The whole sales value ?
as there are some stationery books, on which VAT is not applicable. Only cosmetics have VAT
10 May 2017
Are they need to maintain proper books of accounts.. ?
And when registration should be opted for ?
10 May 2017
Yes you have to maintain proper books but fresh registration under GST not started, wait for further notification.
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
10 May 2017
Only maintain books of accounts. Nothing else
10 May 2017
ok thanks 😊
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
11 May 2017
Thanks.
Actually as entity was small and mixed items so was confused.
11 May 2017
GST Registration details are provided by further notification
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