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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Gst registration
Replies (5)
no u need not
But 20 lac turnover limit includes exempt sales.
What does that mean ?
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...
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.
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.
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