Gst registration

Registration 167 views 8 replies

There is one 100% EOU (Export Oriented Unit) software company. Do they need GST registration. Kindly guide in this matter. They dealing in foreign currency not a single rupee in INR.

Replies (8)
Absolutely registration is necessary. Exports are zero rated supplies - taxable supplies. Export is not exempted supply. Only if entire supply is exempted no Registrarion is required. Secondly, Only if registered, any ITC can be claimed as refund on account of exports.
The export is treated as Interstate supply & IGST Tax is levy & And as per section 22 CGST Act , its compulsory to registered in case of interstate supply ,.
BUT.. Notification no. 10/2017- Integrated Tax dated 13th October 2017 that any person making inter-State
taxable supply of services will not be liable to register under GST provided the threshold limit for
registration under Section 22(1) is not exceeded. This means that a service provider can provide services
anywhere without having to register himself if his turnover is below Rs 20 lakhs

So , if your aggregate Turnover Not Exceeds 20Lac , No Need take Registration
Under GST, there is no exemption available to supplier of goods to EOU. IGST, CGST and SGST, as applicable, will be payable by the supplier who supplies the goods to EOU. EOU has to options to offset GST paid on goods received from suppliers, the options are narrated below:

Option 1 – To take input tax credit of GST paid and utilize the same towards supplies made by EOU to DTA.(domestic tariff area )

Option 2 – Claim refund of GST paid.

It is always advisable to go for first option and option 2 is available only when there is no enough DTA supplies against which input tax credit can be used.
Vinod ji
The Query is whether registration required in case of services supplied by EOU ,..so as per mentioned notification no. 10/2017 , he is exempted to obtain registration unless his aggregate turnover exceeds 20 lac
Yes I agree with you point Pankaj sir.
Thank you.
Yes...
If service then no need registration less than 20lakhs.

If goods then Registration required irrespective of threshold limit...



@ Mr. Vinod Babu Sir.,

(about urp purchase

Read more at: https://www.caclubindia.com/forum/about-urp-purchase-468977.asp)

Please go to check out this link and the forum...
Why I'm notify the Reply by You and the notification no 10/2017 of IGST...

Bcoz, the URD can make inter State supply if it's service and less than 20lakhs...

If any wrong in my reply in that forum please come back there...

GOOD LUCK...
&
Happy to see Your activities in CCI Portal...
Raja sir thank you valuable reply.
I understood your point in that urp purchase. You was right in that case. I am not denying in that.
I could not see my answers and other answer after that. So only I could not respond to it.

My point was that a registered dealer can purchase from unregistered dealer who is interstate.

Your point was that how can a URD dealer sell to registrated person while making interstate supplies with gst registration?

So my point of view was " registered person goes directly to urd dealer place(interstate) and purchases. URD dealer selling his goods without any gst registration to registrated person. So it is possible in this way.
If any wrong with my view, please comment on this.
Ha ha ha...
You can't said the same details there....


CCI Pro

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