Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Registration

Varun Shah (23 Points)

03 December 2020

Can I register by business under gst before exceeding turnover limit??

Reply
Follow
Share

3 Replies

Vijayprakash P (1313 Points)
Replied 03 December 2020

Yes, You can. Once a taxable person is registered under GST Act, he is bound to pay GST, even if his turn over is below the prescribed limit.

Upgrade to CAclubindia Pro. Subscribe Now!

Shivam RC (Student) (23683 Points)
Replied 03 December 2020

Yes you can apply for GST Registration on Voluntary basis. The GST Law vide Section 25(3) of the CGST Act 2017, allows person to register under GST on "Voluntary basis" i.e. registration is possible even if your Aggregate Turnover is less than Rs. 10 lakhs or Rs. 20 lakhs or Rs. 40 lakhs, as the case may be.