Gst registration
This query is : Resolved
04 November 2017
if a Private Ltd Co. deal in trading of (Wheat & Paddy) exempted goods & turnover is above 10 Crore. is it mandatory registration in GST or not.Because business deal fully exempted goods.
04 November 2017
No need to take GST registration if you deal in exempted goods exclusively....
No matter how much your turnover is????
04 November 2017
Dear Anoop,
The law says that “aggregate turnover” means the aggregate value of all taxable supplies, excluding the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on an all-India basis but excludes Central tax, State tax, Union territory tax, Integrated tax and cess.
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04 November 2017
If your Turnover 1 crores which is exclusively of Exempted goods the no need of GST registration
04 November 2017
Suppliers who deals only with NIL rated and exempted goods, there is no liability to get GST registration.
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