Required GST registration
This query is : Resolved
30 June 2020
1. Assessee's FY_18-19 Total receipt is 22 lac .(required registration in fy 19-20_after completion of fy)
2. FY_19-20 total receipt is less than 40lac.(govt. Extend threshold limit from 20lac to 40 lac. )
As per govt notification for extend limit from 20 lac to 40 lac in fy19-20.
Whether assesee required GST registration In FY_20-21.
2. FY_19-20 total receipt is less than 40lac.(govt. Extend threshold limit from 20lac to 40 lac. )
As per govt notification for extend limit from 20 lac to 40 lac in fy19-20.
Whether assesee required GST registration In FY_20-21.
30 June 2020
Registration is not to be taken for every year. You may apply for cancellation of registration if you are dealing
in supply of goods and your turnover is below 40 lakhs.
in supply of goods and your turnover is below 40 lakhs.
09 July 2020
Not apply for GST registration in 19-20( because as per govt notification , threshold limit is extended.
22 July 2025
Based on your query, here is a detailed breakdown of the GST registration requirements for the assessee in FY 20-21:
1. GST Registration for FY 18-19:
Total Receipts in FY 18-19: ₹22 lakh
Since the threshold limit for GST registration for service providers in FY 18-19 was ₹20 lakh (as per the previous rules), the assessee should have already registered for GST in FY 18-19, as their turnover crossed the threshold limit.
2. GST Registration for FY 19-20:
Total Receipts in FY 19-20: Less than ₹40 lakh
The government extended the threshold limit for GST registration to ₹40 lakh for the FY 19-20 (this is applicable to goods suppliers only).
Since the turnover was below ₹40 lakh, the assessee would not need to apply for GST registration for FY 19-20 if they were not already registered.
In case they were already registered in FY 18-19 (due to crossing ₹20 lakh), they can continue with their registration and can apply for cancellation if they no longer meet the requirement in FY 19-20 or later.
3. GST Registration for FY 20-21:
If the total receipts in FY 20-21 are less than ₹40 lakh, and the assessee is not making inter-state supply, then GST registration would not be required.
However, if they are already registered due to previous years (i.e., FY 18-19), they can choose to apply for cancellation of GST registration, as the turnover is below the revised threshold of ₹40 lakh for goods suppliers.
Conclusion:
For FY 20-21: If the total turnover is less than ₹40 lakh and the business is dealing in goods (and not involved in inter-state supply), no new GST registration is required.
If the business is already registered, it can apply for cancellation of registration if it no longer meets the requirement to be registered under GST (i.e., turnover below ₹40 lakh).
1. GST Registration for FY 18-19:
Total Receipts in FY 18-19: ₹22 lakh
Since the threshold limit for GST registration for service providers in FY 18-19 was ₹20 lakh (as per the previous rules), the assessee should have already registered for GST in FY 18-19, as their turnover crossed the threshold limit.
2. GST Registration for FY 19-20:
Total Receipts in FY 19-20: Less than ₹40 lakh
The government extended the threshold limit for GST registration to ₹40 lakh for the FY 19-20 (this is applicable to goods suppliers only).
Since the turnover was below ₹40 lakh, the assessee would not need to apply for GST registration for FY 19-20 if they were not already registered.
In case they were already registered in FY 18-19 (due to crossing ₹20 lakh), they can continue with their registration and can apply for cancellation if they no longer meet the requirement in FY 19-20 or later.
3. GST Registration for FY 20-21:
If the total receipts in FY 20-21 are less than ₹40 lakh, and the assessee is not making inter-state supply, then GST registration would not be required.
However, if they are already registered due to previous years (i.e., FY 18-19), they can choose to apply for cancellation of GST registration, as the turnover is below the revised threshold of ₹40 lakh for goods suppliers.
Conclusion:
For FY 20-21: If the total turnover is less than ₹40 lakh and the business is dealing in goods (and not involved in inter-state supply), no new GST registration is required.
If the business is already registered, it can apply for cancellation of registration if it no longer meets the requirement to be registered under GST (i.e., turnover below ₹40 lakh).
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