Educational institution is required to GST Registration or Not when sale of Text & note Books turnover > 50 Lakhs.
and also Transportation (children or student Bus) service Tax applicable conditions?? (if > 1Crore).
Menu
Educational Institution
Replies (12)
Quick Summary
No!!, because education books attract nill rate hence not required to register even sale exceed maximum limit
If you have article on this please send me if you don't mind..
Please check the HSN code on text or note book applicable if these attract nil rate then exempt other wise taxable and requires gst registration .
Nill rate supply come under exempt supply
Nill rate supply come under exempt supply
Turnover means Taxable+ Exempted + Nil . right??
Right sir,! if dealing only nill rate supply than it is exempted otherwise you have to take registration
Transportation of Children services comes under GST?
Please whatapp your doubt on this number 8010474973
Thank you
Sir all Educational Institution are not covered under the Mega Exemption Notification list i.e. Notification No. 12/2017 - CT (RATE ), dated 28.06.2017.
So if your Aggregate Turnover exceeds Rs. 20 lakhs, then you have to apply for GST Registration. Aggregate Turnover includes EXEMPT SUPPLY and exempt supply as defined under Section 2(47) of the CGST Act 2017 includes NIL Rated, Zero Rated.
So if your Aggregate Turnover exceeds Rs. 20 lakhs, then you have to apply for GST Registration. Aggregate Turnover includes EXEMPT SUPPLY and exempt supply as defined under Section 2(47) of the CGST Act 2017 includes NIL Rated, Zero Rated.
It is advisable to take GST Registration
@ Mr Thotasrinivas.,
( Turnover means Taxable+ Exempted + Nil . right?? )
Yes... You are right.
But, If Your income is as per the above formation/details then GST registration is required/must if total turn over exceeding Rs 20 lakhs (Turnover means = Taxable+ Exempted + Nil ).
( Turnover means Taxable+ Exempted + Nil . right?? )
Yes... You are right.
But, If Your income is as per the above formation/details then GST registration is required/must if total turn over exceeding Rs 20 lakhs (Turnover means = Taxable+ Exempted + Nil ).
Thank you.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
