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Gst registration

sunil (student) (26 Points)

17 July 2017

I Am engaged in salt business. Salt is exempt from gst. If my turnover is more than 20 lacs than should i take registration ?

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5 Replies

RAMESH D MODI (Proprietor) (4869 Points)
Replied 17 July 2017

no u need not

sunil (student) (26 Points)
Replied 17 July 2017

But 20 lac turnover limit includes exempt sales. What does that mean ?

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 17 July 2017

As per section 23 of CGST act the persons who are engaged exclusively in the business of supplying Goods/Services that are not liable to tax or wholly exempt shall not be liable to register...

Prity Agarwal (CHARTERED ACCOUNTANT) (363 Points)
Replied 17 July 2017

If an assessee deals exclusively on exempted supply of goods / services, then he shall not be liable to take registration even if the turnover exceeds the threshold limit.

Prity Agarwal (CHARTERED ACCOUNTANT) (363 Points)
Replied 17 July 2017

If an assessee deals exclusively on exempted supply of goods / services, then he shall not be liable to take registration even if the turnover exceeds the threshold limit.