Registration for exempted supply

This query is : Open

ANKIT JAIN (Querist)
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26 November 2019 As per GST laws if i am selling completed building/land then this is deemed as exempted supply although it is not even a supply but deemed as exempted. Now suppose i am selling a land of 2 crore and its SDV is 45 lakh means it crossed my limit of registration and also i had a very small shop having turnover of 5lakh during a year.

In the above example aggregate turnover will be rs.50 lakh.

Now considering above facts will i need to take registration in GST?

If yes, will this not amount to hardship to a small trader?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 November 2019 No, take registration only if taxable turnover exceed limit.

ANKIT JAIN

ANKIT JAIN (Querist)
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27 November 2019 Thank You Sir for reply,

Sir, As per section 22 of GST Act any person making "taxable supply", if his "aggregate turnover" exceeds prescribed limit then he is required to take registration mean if person is making "exclusive exempted supply" then only he is not required to take registration.

In other words if any person making a single rupee of taxable supply and if his aggregate turnover exceeds prescribed limit then required to take registration.

Aggregate turnover covers all taxable, non taxable and exempted supply which means in my example aggregate t/o is 50 lakh and required reg.

I hope i am able to clear my point.

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