GST Exemption /Registration
This query is : Resolved
S.Jegadeesan
(Querist)
22 December 2021
Sir, I would like to clarify some doubts regarding GST exemption i.e.Is it required to register with GST in case auditors having total turnover more than 20 Lakh including Professional Fee & Agricultural Income or Agri Income need not be considered while determine the threshold limit for registration of GST? For Ex: In case Professional Turnover 18 lakh & Yurnover on Agri Activities is Rs.30 lakh .Then GST registration is mandatory & Collect & pay the GST on professional Fee in this scenario ?
Dhirajlal Rambhia
(Expert)
22 December 2021
YES.
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.
In this case aggregate turnover will be 48 lakhs.
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.
In this case aggregate turnover will be 48 lakhs.
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