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voluntarily GST registration

Kartik (Student) (99 Points)

24 September 2018

If a person having annual turnover of 2 lakh takes GSTN number voluntarily
Then
1.) Will he need to file GST return on continuous basis even if his turnover is very low than threshold limit of 20 lakh?

2.)will he need to comply with GST like issuing receipts to customers by charging GST as he has never issued receipts for his sales to customers as his annual turnover is very low?

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4 Replies

Raghav khuteta (Student CA IPC / IPCC) (27 Points)
Replied 24 September 2018

once he get registered he need to comply with every compliance applied on registered person that means most of them.

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GST Consultant (Tax Consultant) (894 Points)
Replied 24 September 2018

agreed with Mr. Raghav

1 Like

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 24 September 2018

As per section 25 CGST Act

3] A person, though not liable to be registered under Section 22 or Section 24 may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered person, shall apply to such person.

Hence all the provision of Act is applicable on person registered as voluntarily.

Vinod Babu (24191 Points)
Replied 24 September 2018

If a person takes voluntarily gst registration and his turn over is less than 20 lakhs, he is liable to pay gst on his outwards supplies which is collected(for regular dealer) and also he needs to file returns.