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Gst registration for 7 year old pvt. ltd software exports company

Dipesh Batheja (Managing Director) (28 Points)

17 June 2019

I wanted to know if I can register my 7 years old Software exports Pvt. Ltd. company under GST now? My CA is saying that its necessary that you close down current company and form a new one to get GST registration done now. Since we are 100% software exports based company we know that we can get exemption on GST. But he is advising to do so to avoid any issues? I am looking for advice regarding this?

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14149 Points)
Replied 17 June 2019

Under GST Law export is zero rated Inter - state supply as per section 7(5) (a) of the IGST act 2017 , and as per section 24(1) of the CGST act 2017 registration is compulsory for inter-sate supply and your turn over exceeds 20 Lac's

You can export the software service by paying IGST and then claim refund or through LUT/BOND subject to conditions ,

please confirm with others also.

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14149 Points)
Replied 17 June 2019

Irrespective of the turnover registration is compulsory for Inter-state supply please confirm .

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Dipesh Batheja (Managing Director) (28 Points)
Replied 17 June 2019

Sorry looks like question is unclear. I know that i have to register for GST. Question is can I register now? Will it have any implications? Or should I open a new company and register GST as advised by my CA?