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GST liability

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Student
38 Points Posted on 06 August 2017
I'm registered under normal scheme of GST, so what is the threshold limit to pay amount of tax. Can I avail the benefit of 20 lakhs limit or shall I pay the taxes on my first invoice.

Please suggest.
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On 06 August 2017 at 03:47 Report
Replies (5)
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Proprietor A K Kandpal & Associates
1442 Points Posted on 06 August 2017
pay from 1st invoice....right now there is no exemption like which were available in service tax....once you got registered you have to pay tax from 1st invoice.
7 Reply
On 06 August 2017 at 04:06
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Student cum businessman cum professional
859 Points Posted on 06 August 2017
You have to pay tax from your first invoice
2 Reply
On 06 August 2017 at 06:36
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Proprietor
4869 Points Posted on 06 August 2017
yes registered person can not get 20 L basic exemption
18 Reply
On 06 August 2017 at 08:22
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Student
38 Points Posted on 06 August 2017
thank you all, then what is the benefit of getting registration under GST...?
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On 06 August 2017 at 09:00
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Student cum businessman cum professional
859 Points Posted on 06 August 2017
You can pass on credit.
2 Reply
On 06 August 2017 at 09:31


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