Hi guys,
Please let me know whether it is possible to sell goods after surender of GST registration as monthly sales is Rs 10000/-.Trade license and Professional Tax is paid up to date.
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Possibility of sale of goods after surrender of GST and monthly sales Rs 10000/-
Replies (4)
You can sell goods , as you mentioned it's 10 k monthly which is well below threshold limit prescribed in Section 22 of CGST.
The only , you cannot charge & collect GST from Customer (Reference Section 32 of CGST Act)
The only , you cannot charge & collect GST from Customer (Reference Section 32 of CGST Act)
Yes you can sell
You can continue business if you apply for cancellation of GST registration due to turnover being below 40 laks.
Yes, you can continue business as if turnover less than limit
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