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Regarding GST exemption on migration

23 June 2017

Whether GST migration is mandatory for all existing dealers having turnover less than threshold limit 20L/10L ??
As I migrated to GST then how I shall file my return. I means amount shown as not taxable amount or charged to GST ??

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4 Replies

Alok Sharma (Practising) (44 Points)
Replied 24 June 2017

Yes migration is mandatiory for all existing dealer irrespective of turnover.
according to me, if turnover is less than 20 lakh you can claim it in retun exempt ..
if more than limit , you should show as taxable

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180088 Points)
Replied 24 June 2017

1. Yes, may cancel within 30 days from appointment day, if not applicable.

2. Registered dealer can charge GST as per rates applicable.

Himanshu Varshney (NO) (44 Points)
Replied 24 June 2017

Can it is possible to claim exemption of Rs. 20 Lakh in return, if I not cancel my registration ??

Alok Sharma (Practising) (44 Points)
Replied 24 June 2017

There should be a option in return to claim exempt supply like service tax return. But Still there is matter of Confusion that supply less than 20 lakh after taking voluntry registration will be treat as exempt supply. as GST tweet shows that aggregrate turnover or Rs 20 lakh is Exempt, even goverment tweet that small traders upto 20 lakh need not require pay gst, and also not require registration. so as per these tweet I analyis that turnover upto rs 20 lakh should be exempt for small traders.