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Liable for gst
We are a small guest house & are paying service tax since our turnover is Rs. 16 lakhs. We have got ourselves migrated to GST. But are we required to collect & deposit GST & file GST returns, since our turnover is below Rs. 20 lakhs. Dont we enjoy exemption from GST ? If yes, do we still have to file GST returns ? Please advise.
Replies (5)
As you already migrated to GST so you have to collect and pay GST to govt and file return.
So we could have continued to enjoy the exemption, if we didnot migrate from service tax to GST ?
yes, you have done mistake to get registered
you should cancel your GST registration. meet your GST practitioner (advocate) for the procedure. i think we can not cancel GST registration without a proper reason. discuss with your advocate about this
you should cancel your GST registration. meet your GST practitioner (advocate) for the procedure. i think we can not cancel GST registration without a proper reason. discuss with your advocate about this
I have recently learnt that there is no automatic cancellation for service tax registered assessees. They have to necessarily migrate to GST & then cancel their registration by filing Form GST REG-29. Also by migrating to GST we are not getting registered but only getting a provisional registration. So the assessees registered with service tax & having turnover below Rs. 20 lakhs can apply for cancellationn of their GST provisional registration by filing GST REG-29. Is this correct ?
Yes you are correct
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