my client has 25 lakhs turnover in fy 18-19.now he wants to cancel the gst licence since his turnover is below 40 lakhs which is applicable from 1st april 2019. can he do so.
3 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 22 April 2019
If he deals in supply goods then yes you can surrender , the limit of 40lac is only for supply of goods , not for supply of services.
(Refer Notification 10/2019 CT)
(Refer Notification 10/2019 CT)
Recent Topics
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
Related Threads
CAclubindia
