Gst regn. thereshold limit

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Student CS
127 Points Joined February 2014

Dear Sir/Madam,

I have a doubt on GST registration:

Im migrated from Services Tax to GST with my threshold limit is exceeds 10 Lakhs.

after that now GST threshold limit is 20 Lakhs and proposed new limit is 40 Lakhs.

Now my turnover not exceeds 20 Lakhs what should i do, whether continue as GST registered dealer or surrender my GST

 

Thanks & Regards.

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On 08 July 2019 at 11:44 Report
Replies (5)
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SEO Sai Gr. Hosp.
210688 Points Joined July 2016

If you wish you can surrender your registration, but in that case you will not be able to claim any input ITC.

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On 09 July 2019 at 10:22
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Student
23688 Points Joined November 2017
Agree with Dhirajlal Sir's view...

If you want you can surrender your GST Registration. It would be better to go with GST as it will allow seamless flow of credit in the supply chain.

Warm Regards.
1 Reply
On 13 July 2019 at 23:45
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student
408 Points Joined May 2014
surrender your registration
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On 13 July 2019 at 23:54
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7059 Points Joined January 2017
good clarification and information
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On 10 August 2019 at 19:54
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Student CS
127 Points Joined February 2014

Thanks for your valuable replies.

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On 07 September 2019 at 18:50


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