Obtaining gst registration voluntarily

This query is : Resolved

Kaustubh Ram Karandikar (Querist)
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08 December 2018 XYZ is a proprietor of an ENT Hospital. The income generated by the hospital along with the proprietor’s other income such as earning through Residential premises given on rent, capital gains, bank interest, FD interest, interest on loan given to a company, interest on PPF and dividend etc. 1) Can XYZ obtain GST Registration voluntarily, despite no statutory obligation? If yes, 2) will XYZ able to take credit of inputs / input services and later claim refund as there are no taxable outward supplies?

Udaya Chandran

Udaya Chandran (Expert)
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08 December 2018 GST applicable only when the turnover exceeds Rs.20 Lakhs p.a. You need to consider only the business income for GST purpose. If registered voluntarily, since your taxable supplies are exempted, you cannot take input credit.