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Have VAT but not Service registration, After migration do I need to apply separately?, Goods and Services Tax - GST |
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Have VAT but not Service registration, After migration do I need to apply separately? |
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Hi, After I will be migrated to GST, do I have to file any separate document in order to expand my business activity by including services along with existing trading activities or I can just simply start rendering services and charge service tax as applicable under GST law? Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
When you are migrated to GST, you supply the goods and services both. Registration is meant for goods and services both. No separate document is to be filed. Down load a fresh specimen of invoice. GST return is monthly. If supply is within State and turnover for last year is less than ₹ 20 lakhs( for some States ₹ 10 lakhs) you are eligible threshold exemption limit. Registration is required only when you cross ₹ 20/10 lakhs.
Thank you very much. That was very helpful.
To my understanding once taken GST regn there is no threshold exemption. Kindly clarify sir
Sh.Ravi Kumar Ji, I do not agree with you. After taking registration you do not forfeit the right of threshold exemption limit.
Should dealer raise bill of supply instead of Tax invoice and also does he need to mention anything like Below Threshold limit of 20lakhs TO like composition dealer has to mention in his bill COMPOSTION SCHEME DEALER ? Also his cost price would be high as he is not availing ITC and his B2B buyers may avoid him if he is not issuing tax invoice. In case he has B2C buyer only then he can opt for Composition scheme . Kindly also confirm if there is any clause to file his below TO in the monthly returns.
Sh.Ravi Kumar Ji, I have re-examined the whole issue. If any person whose turnover is below ₹ 20 lakhs and he obtains GST registration, he has to pay GST from Re.one. This is gross injustice with small businessman. In the light of this, your other aspects have to be examined. I shall revert soon. Page: 1 Old Query - New Comments are closed. |
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