my client's apex total income for the financial year 2019-20 will be below the limit of Rs. 40 lakh . Previous year( 2018-19) Rs. 1928000/- only now he planned to surrender his GST registration. Its correct? please suggest me.
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About surrender gst registration
Replies (3)
yes you can surrender
Yes... He can.
Yes you can .... but in case Limit of 40 lac is only in case of supply of Goods & if you have supplied Services for single penny than cannot surrender .
But as your Your turnover is below 20lac as per the threshold limit prescribed in section 22 , can surrender
But as your Your turnover is below 20lac as per the threshold limit prescribed in section 22 , can surrender
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