Small trader
This query is : Resolved
14 May 2018
I have small retail shop in Assam and turnover is below 10 lakh, but we have earlier Tin no so now we also get Gstin number.but our circle officer tell to cancel the Gstin number. is it compulsory to cancel the GSTIN if our Sell is below 10 lakh. please suggest if we cancel now Gstin number and in future our sell may increase then we have again apply for new,so can we continue with the same GSTIN number.
please advice in this regards.
vikash garg
please advice in this regards.
vikash garg
14 May 2018
Although the threshold limit to obtain GST Registration is Rs. 20 Lacs. An assesse may voluntarily opt to take registration even if his turnover does not exceed the threshold limit. There cannot be compulsion from the Department to cancel registration in the above case. My suggestion is not to cancel the current GSTIN if you do not face any other issues.
14 May 2018
sir ,
for continue with GStin no,Is their any rule or have to pay any tax amount or any books of account to maintain
or we have to do any thing to continue our GSTIN no.
please suggest.
for continue with GStin no,Is their any rule or have to pay any tax amount or any books of account to maintain
or we have to do any thing to continue our GSTIN no.
please suggest.
14 May 2018
Yes, you have to maintain books of accounts, file monthly returns and have to collect GST at appropriate rates. You are however eligible for Input Tax Credit on inward supplies
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
