Gst registration

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Anoop (Querist)
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04 November 2017 if a Private Ltd Co. deal in trading of (Wheat & Paddy) exempted goods & turnover is above 10 Crore. is it mandatory registration in GST or not.Because business deal fully exempted goods.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 November 2017 No need to take GST registration if you deal in exempted goods exclusively.... No matter how much your turnover is????

B Vinay Reddy

B Vinay Reddy (Expert)
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04 November 2017 Dear Anoop, The law says that “aggregate turnover” means the aggregate value of all taxable supplies, excluding the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on an all-India basis but excludes Central tax, State tax, Union territory tax, Integrated tax and cess.

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B Vinay Reddy

B Vinay Reddy (Expert)
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04 November 2017 If your Turnover 1 crores which is exclusively of Exempted goods the no need of GST registration