Dear All,
If one has opted for volutary registration under GST then the exemption limit of Rs. 20.00 Lacs will apply or he will have to pay GST on every single bill????
Thanx in advance
CA Shruti kuchhal (CA ) (427 Points)
22 December 2017Dear All,
If one has opted for volutary registration under GST then the exemption limit of Rs. 20.00 Lacs will apply or he will have to pay GST on every single bill????
Thanx in advance
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170671 Points)
Replied 22 December 2017
Once registered, BEL do not apply....... GST applicable from the date of registration....
Divakar
(Student CA Final )
(11857 Points)
Replied 22 December 2017
CA Shruti kuchhal
(CA )
(427 Points)
Replied 22 December 2017
Thanx sir for early reply than what is the purpose of limit of Rs. 20.00 Lacs as there was RCM applicability though now withdrawn. What is the benefit of transition from Service tax where there was limit of Rs. 10.00 Lacs for service tax liability????
Deepak Kashyap
(9 Points)
Replied 22 December 2017
CA Shruti kuchhal
(CA )
(427 Points)
Replied 22 December 2017
That i understood but my query is then what is benefit of migration to GST from Service Tax where there was a limit of Rs. 10.00 Lacs on service tax liability??????
Divakar
(Student CA Final )
(11857 Points)
Replied 22 December 2017
Divakar
(Student CA Final )
(11857 Points)
Replied 22 December 2017
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 22 December 2017
| Originally posted by : CA Shruti kuchhal | ||
 |
That i understood but my query is then what is benefit of migration to GST from Service Tax where there was a limit of Rs. 10.00 Lacs on service tax liability?????? |  |
In ST above 10Lakhs will registeration Required. After registration or Valundary registration then no excemption in ST. The same in GST. Once registered then liability ll start from Rs. 1
Divakar
(Student CA Final )
(11857 Points)
Replied 22 December 2017
CA Shruti kuchhal
(CA )
(427 Points)
Replied 22 December 2017
Thats exactly whats my point divakar ji. Then whats the benefit to small service providers by getting registraton under gst????
Divakar
(Student CA Final )
(11857 Points)
Replied 22 December 2017
CA Shruti kuchhal
(CA )
(427 Points)
Replied 22 December 2017
Thanx Divajar ji for prompt response, i now get your point...................
Divakar
(Student CA Final )
(11857 Points)
Replied 22 December 2017
Rishabh Singh
(9 Points)
Replied 22 December 2017
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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