A person is a dealer in petrol.
His turnover in petrol is 50,00,000
He also deals in FMCG products which are not exempt from GST. His turnover from this is 16,00,000.
Is he liable for registration under GST ?
10 Replies
Sandip Patange
(22 Points)
Replied 08 February 2019
as per my opinion...Yes he is liable for registration under GST, because his aggregate turnover is above 20 lac hence he is liable and pay GST on only taxable turnover which is FMCG products, and petrol turnover just show under NonGST sale.
pritesh
(CA Final student)
(7101 Points)
Replied 08 February 2019
Yes he is liable for registration
agred with snadip sir explanation
agred with snadip sir explanation
KAAMIL AHAMADH
(ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING)
(253 Points)
Replied 08 February 2019
yes he is liable for Registration under Gst..
chamarthi venkatesh
(Student CA Articleship)
(848 Points)
Replied 08 February 2019
But petrol do not come under the purview of GST
Why should we take 50L into consideration ?
Any explanation along with GST provisions
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 08 February 2019
Dear Chamathi,
Section 2(6) defines Aggregate turnover - which includes exempt supply.
Section 2(47) defines Exempt supply - includes non-taxable supply.
Non-taxable supply covers petrol.
CA CS LAVESH VASYANI
(PARTNER)
(215 Points)
Replied 09 February 2019
yes registration is mandatory....
chamarthi venkatesh
(Student CA Articleship)
(848 Points)
Replied 09 February 2019
Thanks for the clarifying using provisions
Well explained
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 09 February 2019
petrol is out of preview of GST
AND however the taxpayer can register in GST for the business FMCG
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