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Want to know the GST rate

Y.V.Sudhakar Reddy (CA-Final) (34 Points)

28 June 2017

Actually we are exporting human hair to Los Angeles by purchasing from local traders . Prior to GST it is exempt.We want to know the GST Applicability and rates.Can we opt for Composition levy (T/0 72lakhs) ?

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6 Replies

(Guest)

export is excempted under GST act.

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Y.V.Sudhakar Reddy (CA-Final) (34 Points)
Replied 28 June 2017

Then there is no need to reg under GST

(Guest)

yeah.

Y.V.Sudhakar Reddy (CA-Final) (34 Points)
Replied 29 June 2017

But the Act says when turnover is 20lakh above, there is need to reg.

Y.V.Sudhakar Reddy (CA-Final) (34 Points)
Replied 29 June 2017

Actually a company buy the land,lay and sell the plots to the customers.May I know the HSN code

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(Guest)

you are required to get registration provided your turnover is greater than 20 lakhs. according to GST definition aggregate turnover includes exports also.

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