Menu
Registration
if a traders last year turnover exceeds 50 lacs but not registered any act due to trading of exempted good but in gst this year excepted turnover below 20 lacs can registration compulsory for this trader for first sale of this year ?
Replies (5)
Dear Sudhir.,
Your goods is exempt in previous Tax regime. But, Which head this located...?
Your goods is exempt in previous Tax regime. But, Which head this located...?
if the goods are still exempted then you don't have to get registered..but if the goods are taxable now in GST then you have to get registered in GST because your last year turnover is more than 50 lacs so you can't register for composite scheme..
no need to take registration if the agreegate turnover in the financial year dose not exceeds rs 20 lacks....turnover of previous year is irrelevent
@ Poonamchand,
You are wrong. Turn Over is previous transaction based calculation.
How you calculate in this FY....?
You are wrong. Turn Over is previous transaction based calculation.
How you calculate in this FY....?
Yes. I agreed to Mr. Ankit Rishi
Recent Threads
- Schedule SI is not showing correct tax calculation
- ITR2 AY25-26 new taxregime for salaried employee
- Error mesage in ITR3
- Gst in Turnover
- GST Tax invoice Govt.agency
- CAN ICAI EXAMINER'S REMUNERATION BE TAXED U/S 44AD
- Applicability of IGST or CGST/SGST
- Form 26AS Glitch
- Credit counseling services
- Tax clarification on rental income
Related Threads
CAclubindia
