gst registration applicability
This query is : Open
rahul agrawal
(Querist)
23 April 2017
If a proprietor is non existing tax payer and his turnover exceeds 20 lakhs , is it compulsory for gst registration , if yes then how he will get provisional id and password.
24 April 2017
As of now, only migration for the taxpayers registered under the existing indirect tax law is going on. Registration in GST would start after appointed date only and that date may be 1st July 2017.
In case your turnover is exceeding 20 lakhs and goods you are dealing in subject to VAT (assuming that you are liable for VAT registration, as most of the state has compulsory registration requirement in case of turnover exceeding 5 - 8 lakhs) you may get registered under existing VAT law. After registration, VAT department would provide you provisional IDs for GST migration.
Hope I am understood
In case your turnover is exceeding 20 lakhs and goods you are dealing in subject to VAT (assuming that you are liable for VAT registration, as most of the state has compulsory registration requirement in case of turnover exceeding 5 - 8 lakhs) you may get registered under existing VAT law. After registration, VAT department would provide you provisional IDs for GST migration.
Hope I am understood
rahul agrawal
(Querist)
24 April 2017
well understood...thank u
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