Educational institution is required to GST Registration or Not when sale of Text & note Books turnover > 50 Lakhs.
and also Transportation (children or student Bus) service Tax applicable conditions?? (if > 1Crore).
12 Replies
inderjeet saini
(227 Points)
Replied 08 April 2020
No!!, because education books attract nill rate hence not required to register even sale exceed maximum limit
thotasrinivas
(Accountant )
(305 Points)
Replied 08 April 2020
If you have article on this please send me if you don't mind..
inderjeet saini
(227 Points)
Replied 08 April 2020
Please check the HSN code on text or note book applicable if these attract nil rate then exempt other wise taxable and requires gst registration .
Nill rate supply come under exempt supply
Nill rate supply come under exempt supply
thotasrinivas
(Accountant )
(305 Points)
Replied 08 April 2020
Turnover means Taxable+ Exempted + Nil . right??
inderjeet saini
(227 Points)
Replied 08 April 2020
Right sir,! if dealing only nill rate supply than it is exempted otherwise you have to take registration
thotasrinivas
(Accountant )
(305 Points)
Replied 08 April 2020
Transportation of Children services comes under GST?
inderjeet saini
(227 Points)
Replied 08 April 2020
Please whatapp your doubt on this number 8010474973
Shivam RC
(Student)
(23683 Points)
Replied 08 April 2020
Sir all Educational Institution are not covered under the Mega Exemption Notification list i.e. Notification No. 12/2017 - CT (RATE ), dated 28.06.2017.
So if your Aggregate Turnover exceeds Rs. 20 lakhs, then you have to apply for GST Registration. Aggregate Turnover includes EXEMPT SUPPLY and exempt supply as defined under Section 2(47) of the CGST Act 2017 includes NIL Rated, Zero Rated.
So if your Aggregate Turnover exceeds Rs. 20 lakhs, then you have to apply for GST Registration. Aggregate Turnover includes EXEMPT SUPPLY and exempt supply as defined under Section 2(47) of the CGST Act 2017 includes NIL Rated, Zero Rated.
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 08 April 2020
@ Mr Thotasrinivas.,
( Turnover means Taxable+ Exempted + Nil . right?? )
Yes... You are right.
But, If Your income is as per the above formation/details then GST registration is required/must if total turn over exceeding Rs 20 lakhs (Turnover means = Taxable+ Exempted + Nil ).
( Turnover means Taxable+ Exempted + Nil . right?? )
Yes... You are right.
But, If Your income is as per the above formation/details then GST registration is required/must if total turn over exceeding Rs 20 lakhs (Turnover means = Taxable+ Exempted + Nil ).
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