GST Registration
This query is : Open
02 June 2017
I'm running a Service Provision business with average turnover around 10 lakhs per financial year. In GST it has been notified that 20 lakhs exemption limit. Is it compulsory to pay gst @ 18% if i get Gst registration? Can I file nil returns or claim exemption?
Thanks in advance.
CA Rashmi Gandhi
(Expert)
02 June 2017
You have to compulsory pay tax if u get registered.
If u belongs to restaurant sector then opt for composition scheme & pay tax@2.5%
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