Turnover of previous year in gst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2017
If my (residing in Assam) turnover during FY 2016-17 was Rs. 15.00 lac as per Income Tax Return, but I was not registered under VAT. I have a grocery retail shop dealing in mostly non taxable goods like rice, atta, pulses etc. but also in refine oil, condiments etc. But my current year's turnover is going to be reduced to below 10.00 lac (as since last three months my shop has been closed due to my hospitalisation). Whether I am liable to be registered in GST ? Whether turnover shown in Income Tax Return can be used against me for GST registration purpose ?
17 July 2017
You are not liable to be registered in GST. Turnover shown in Income Tax Return can't be used against you for GST registration purpose as you have valid reason for lower turnover.
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