GST for Trust
Divya Sekar (104 Points)
30 June 2017
GST applicable to a Trust registered under 12AA which runs Schools and Colleges
7 Replies
Bharat bhushan
(Chartered Accountant)
(143 Points)
Replied 30 June 2017
GST is applicable on every entity which is doing any business in india, if his turnover in a year from goods or services exceeds Rs.20 Lakhs. Accordingly if trust is doing any business and his total turnover exceeds from Rs. 20lk, GST will be applicable.
Divya Sekar
(104 Points)
Replied 30 June 2017
Thanks for your reply but check the Mega exemption notification March 2017 on GST
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 30 June 2017
It will be exempt from GST if it is registered u/s 12AA of Income Tax Act. Refer entry No.1 of the notification:
https://www.cbec.gov.in/htdocs-cbec/gst/Notification12-CGST.pdf
sudarshan reddy k
(Professiom)
(83 Points)
Replied 11 August 2017
Sir,will trust exempt from GST Registration.
Ashwin Sharma
(Partner)
(152 Points)
Replied 21 September 2017
Sir can you send the link for notification again. i cannot retrieve it
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