Gst regn. thereshold limit

Dear Sir/Madam,

I have a doubt on GST registration:

Im migrated from Services Tax to GST with my threshold limit is exceeds 10 Lakhs.

after that now GST threshold limit is 20 Lakhs and proposed new limit is 40 Lakhs.

Now my turnover not exceeds 20 Lakhs what should i do, whether continue as GST registered dealer or surrender my GST

 

Thanks & Regards.

Replies (5)

If you wish you can surrender your registration, but in that case you will not be able to claim any input ITC.

Agree with Dhirajlal Sir's view...

If you want you can surrender your GST Registration. It would be better to go with GST as it will allow seamless flow of credit in the supply chain.

Warm Regards.
surrender your registration
good clarification and information

Thanks for your valuable replies.

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