Dear Team,
I had obtained GST number in the FY2017-18 even tho my professional income was below 20 lacs.
Further, as I did not file the GST returns on time my GST number was cancelled by the department.
However, in the FY2022-23 my professional income was Rs.35lacs
Should I now reapply for GST number in the current year even if my income does not exceed Rs.20lacs?
Please help. Thanks.
Menu
Eligibility of GST Registration
Replies (2)
Pls chk threshold limit
Based on the information provided, it seems that you obtained a GST number in the FY2017-18, even though your professional income was below 20 lakhs. However, due to the failure to file GST returns on time, your GST number was cancelled by the department. In the FY2022-23, your professional income was 35 lakhs.
GST registration requirements can vary based on the jurisdiction and specific regulations in place. In general, GST registration is mandatory if your annual turnover exceeds the threshold limit set by the tax authorities. The threshold limit for GST registration may differ for different categories of businesses.
To read more finance content visit Swipe Blogs
Recent Threads
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
- New GSTR 1
- Purchase and sale of land , showroom, building
- GTA provides services to unregistered person.GST i
- TDS on Sale of Ancestral property
- Tds on transport contractor
- MCA V2 Documents Download
Related Threads
CAclubindia
