Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Turnover of previous year in gst

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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.

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