Hi Good Morning All,
Request to resolve the below query
A person planning to start business of home loan assistance , handling accounting and taxation services. Does he have to register under Gst and what would be the mandatory registration required?
Debashish Das
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Registration
Replies (2)
Yes , you are Require
Section 23 provides elaborate provisions for those interested.
The persons who wish to provide Business To Business ( B2B) services are also eligible for threshold exemption of Rs. 20 lakhs as long as their supplies are NOT interstate.
However practically to be anbled to pass on credit as also to get orders for work- one would ideally be registreed. otherwsie the customer may needs to pay GST on revserse charge. Advisable to register to enable flexability and passing on credit ans less hassle to cusotme.r
The procedure for registration is also online and unlike the past VAT rgeistration in most States which was a negotiation/ corruption filled exercise.
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