Menu
Liable for registration
A person is making annual taxable supplies less than the threshold limit of being registered under the act, also makes supplies of exempted catagory and thus the total supplies exceed the threshold limit. Under such a scenario, wheather he is liable for registration?
Replies (5)
Quick Summary
Yes, liable for registration..
As per section 22 of the CGST act 2017 , if aggregate turnover exceeds threshold limits then he is liable to registered under GST .
AS per section 2( 5) of the CGST act 2017 in definition of aggregate turnover is Taxable supplies , ( excluding RCM ) , exempt supplies , export , inter-state supplies will be computed on all India basis but excluding CGST , SGST , UTGST, IGST .
So in your case both Taxable and exempt supplies will be calculated for Threshold limit , so as per my opinion you are liable to registered under GST .
please confirm with others also .
Yes,he is liable to get registered
since exempt supply is form part aggregate turnover.
since exempt supply is form part aggregate turnover.
Sir,
please clerify, if anyone deals in exempt catagory of supplies exclusively, and exceed the threshold limit then in such case the registration under the act is mandatory?
please clerify, if anyone deals in exempt catagory of supplies exclusively, and exceed the threshold limit then in such case the registration under the act is mandatory?
As Per Section 23 of CGST Act, "any person engaged exclusively in the business of supplying goods or
services or both that are not liable to tax or wholly exempt from tax under this Act or
under the Integrated Goods and Services Tax Act; is not liable for registration.
So, if you are exclusively deal in Exempted goods, than not liable for registration, without any turnover limit.
So, if you are exclusively deal in Exempted goods, than not liable for registration, without any turnover limit.
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
