if previous year i.e 2016-17 turnover is above threshold i.e. rs. 20 lakhs and in current year turnover is below threshold
then whether gst registration application required to made considering previous year turnover.??
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regarding registration
Replies (5)
If previous year turnover is more than Rs.20 lacs, then you would be registered under service tax laws.
Once you were registered with service tax, it is mandatory for you to migrate to GST. Current year turnover doesn't matter in your case.
Once you were registered with service tax, it is mandatory for you to migrate to GST. Current year turnover doesn't matter in your case.
current year turnover less than 20 lakh then you can surrender your gstn on next financial year (april-17)
but assessee is engaged in business of trading of sarees hence no service tax and vat applicable...
GST registration is to be done if turnover from July 1, 2017 to March 31, 2018 is expected to cross ₹20L. It is not based on previous year turnover.
If you were registered under VAT last year, you have to register in current year mandatorily. This is as per transition provisions.
Next year you can apply for cancellation if next year turnover not crossed.
Next year you can apply for cancellation if next year turnover not crossed.
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