My turnover is less than 20 lakh. I have Kirana shop. Seller is asking me to get registered.
1.whether I required to get registered?.
2.if I didn't take registration whether seller will be effected?
3. If I take registration but my turnover is less than 20 lakh still I required to file GST Returns?
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Replies (4)
1)You have not required to Register under GST and No Seller effected if you have not registered under gst .Because Seller charge same rate gst if You are registered or not
2) You can opt composition scheme than you may filled Return on Quartly basises
1. You are not required to get yourself registered under GST as your annual turnover is below threshold limit of 20 lakh.
2. Seller will be effected because he will have to pay GST on goods supplied to you under RCM.
3. Threshold limit of 20 lakh is for registration under GST. If you get yourself registered, you will have to file returns and pay taxes, even if your turnover is less than 20 lakh.
2. Seller will be effected because he will have to pay GST on goods supplied to you under RCM.
3. Threshold limit of 20 lakh is for registration under GST. If you get yourself registered, you will have to file returns and pay taxes, even if your turnover is less than 20 lakh.
Thanx
As your turnover is below 75 Lakhs, you can go for composition scheme. Under this scheme, you just need to file GSTR-4 on quaterly basis. No monthly Retutn Filing is required.
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