Poonawalla fincorps
Poonawalla fincorps

Registered (doesn't require registration)taxes paid,refund?


11 April 2018 A person does not require to register under gst because his business turnover does not exceed the threshold limit of Rs.20lakh but he registered his business under gst because the supplier is not supplying the goods without GSTIN.
My question is: Will he get the refund of taxes,late fees,interest & penalities paid at the end of the financial year because turnover doesn't exceed the threshold limit of Rs.20 lakh ?

11 April 2018 No... Once you take registration you have to pay tax & file return even if your turnover is below Rs.20 lakh.

11 April 2018 As per GST law if a person's business turnover is below Rs.20 lakh he doesn't require to register his business. but when he is going to purchase goods for his business the supplier asks GSTIN even if his turnover is below Rs.20 lakh. The supplier is not supplying the goods Without GSTIN. In that case what should he do ? does he have to register under GST ? or Is there any other way for this ? ma'am... thanks..


12 April 2018 No other way.... Tell your supplier that you will not purchase from him if he ask for GSTIN. This is only possible solution.



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