11 April 2017
Dear Expert One of my client has turnover of services is around 12 Lacs PA.Presently, he is registered under Service tax and paying the tax as per rule. From July 2017, GST will come in existence and under this (GST Act), threshold limit is 20 Lacs. Now , I want to know that whether it is mandatory to migrate into GST ?? One more client has closed his business, but presently filing his ST Ret. for NIL . So , I also want to know the same thing as above… Kindly Reply me and solve my query…
11 April 2017
If the client is confident that his turnover will not exceed Rs.20 Lakhs under GST then don't migrate to GST automatically your Service Tax Registration will be cancelled once GST Implemented. If you have already migrated then once GST is implemented cancel the registration.
CAclubindia
