Gst registration

Save Share

This query is : Open

SIM R B (Querist)
Follow

13 July 2017 A retail trader has turnover of Rs. 56 Lakhs in the PY. He enrolled with GST.
He is also running a lodge and it had luxuary tax registration. The turnover from lodging business is Rs. 1 Lakh only. He also enrolled with GST for this business also. Now he has 2 separate registraion in GST based on same PAN. Can he cancel the GST registration of Lodging business as his turnover is below Rs. 20Lakhs. His Declared Room Rent is below Rs.1000/-.

CA S K MISHRA

CA S K MISHRA (Expert)
Follow

13 July 2017 As per GST rules, if a person registered under any existing laws prior to 1st July 2017, he is mandatorily required to migrate/ registered under GST Laws irrespective of Turnover.

However the registered dealer under GST has the option to surrender the registration, if his turnover is less than Rs.20 lakhs during previous financial year.So you may surrender the registration for lodging business.

SIM R B

SIM R B (Querist)
Follow

13 July 2017 Thanku sir

SIM R B

SIM R B (Querist)
Follow

13 July 2017 But sir his turnover from retail business is above 20lakh, is this amount also considered for aggregate turnover for registration under GST for lodging business?

CA S K MISHRA

CA S K MISHRA (Expert)
Follow

13 July 2017 No,Retail trade & lodging are two separate business vertical

SIM R B

SIM R B (Querist)
Follow

13 July 2017 Thanku sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now