A private limited co. Who has only 7 lakh rent income since 2017 want to cancel his GST number being below taxable ceiling i.e.20 lakh. In future if turnover crosses can he obtained fresh gst registration?
Menu
GST Registration Cancellation
Replies (5)
Quick Summary
That wont be an issue.
Instead of cancellation of RC you may file return in quarter
If your Aggregate Turnover is below the Threshold limit ( Rs. 20 lakhs ), then you may proceed to cancel your GST Registration now. No Problem. Why to take the unnecessary compliance hassle when your Turnover is quite below the prescribed turnover limit. Therefore you can surrender your RC now.
But in future, when your Aggregate Turnover exceeds the threshold limit of Rs. 20 lakhs, you have to apply for a Fresh GST Registration. No problem.
But in future, when your Aggregate Turnover exceeds the threshold limit of Rs. 20 lakhs, you have to apply for a Fresh GST Registration. No problem.
Dear Colleagues
Thank you very much for your valuable advise.
Your always Welcome Jatin Sir...
Recent Topics :
- Build corpus in HUF
- Queries with the new form 144
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
Related Topics :
CAclubindia
