my client has 25 lakhs turnover in fy 18-19.now he wants to cancel the gst licence since his turnover is below 40 lakhs which is applicable from 1st april 2019. can he do so.
3 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 22 April 2019
If he deals in supply goods then yes you can surrender , the limit of 40lac is only for supply of goods , not for supply of services.
(Refer Notification 10/2019 CT)
(Refer Notification 10/2019 CT)
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