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Should I cancel my gst number
my sale purchase turnover is below 40 Lakh limit ,can I cancel my gst number, if I got some rental income from other shop after cancellation of my number then what
Replies (6)
You can file nil return, otherwise you cannot take cancellation
Service allowable is upto 10% turnover in states of previous financial year
You can cancel,after clear the pending returns !
Turnover limit for registration is 20 lac in case service provided by assessee is in excess of 10% of turnover in states..
Service provided means rent received throughout the year 3.7 lacks & turnover 37 lacks sale,purchase approx 32 lacks
you can cancel after filing nil return
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