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Determination of liability whether to charge GST or not

RAHUL SINGH (Student CA Final ) (69 Points)

22 June 2017

I am a supplier of taxable services but the value of my services doesn't exceed Rs. 20,00,000 in a Financial Year. But I have taken GST Registration, Now I want to know whether I would be liable to charge GST in my invoices or can take the benefit of exemption of 20 Lacs. Please explain it through specific reference to the relevant provisions of GST law. Also please mention the relevant section which makes it obligatory to charge GST in the Bills if it is chargeable.

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2 Replies

Raghuveer (Executive) (167 Points)
Replied 22 June 2017

Since you have voluntarily obtained registration, you will have to charge GST om your invoices and have to comply with all the requirements of the GST Acts. Section 31 requires every registered taxable person to raise a tax invoice containing GST on the supplies made by him.

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Onkar (Self Employed) (111 Points)
Replied 23 June 2017

if you have opted to register under GST but as you saying your turnover didn't cross 20 lakh mark, you are at your descripttion to select composition scene or continue as regular tax payer under GST if you opted for composition you cannot charge GST in your invoice nor take input credit of your purchase GST , but you have to pay 1% tax on your turnover and file 4 quarterly return and 1 annual return.
if you decided to be regular tax payer you have to charge GST in your invoice and get input tax credit too on your purchase and have to file monthly return too...

As it's said in earlier reply u/s 31 it's require to raise invoice and file return if you didn't comply these rules your registration may get canceled.