Minimum Threshold limit, Goods and Services Tax - GST

[Archna Gupta]

Hi,

Please suggest whether the limit of 20 lacs is applicable on exporters of services also as this limit now covers Inter state supply also.

Thanks

Archna Gupta

Posts / Replies

[KASTURI SETHI]

Yes, the value of export is to be included while arriving at threshold limit of ₹ 20 lakhs.

[MARIAPPAN GOVINDARAJAN]

Yes, applicable.

[Ramaswamy S]

Exporters need to be registered under GST irrespective of the Turnover Limit.

Please refer Section 24 - Compulsory registration.

It says persons making Inter state supplies. Export is an Inter State Supply.

Regards

S.Ramaswamy

[Archna Gupta]

Dear Mr. Ramaswamy,

Sec 24 regarding compulsory registration for doing Inter state sales of taxable services has been changed after Notification No. 10/2017- Integrated Tax dated 13th October, 2017 has been issued by the Government. That is the reason this confusion is arising.

[Ramaswamy S]

Thanks for the reminding 10/2017.

Per se the notification exempts from Registration in case of inter state supply of services.

However, my suggestion is not to de-register.

Regards

S.Ramaswamy

[Archna Gupta]

We are not registered yet. Now we would have to register or exemption applicable on export.

[Archna Gupta]

We are not registered yet. Now we would have to register or exemption applicable on export of services

[Ramaswamy S]

It is advisable to register under GST rather than seeking exemption from registration under the threshold.

Regards

S.Ramaswamy

[KASTURI SETHI]

Rightly advised by Sh.S.Ramaswamy Sir.

[Ganeshan Kalyani]

I too agree with the views of the experts.

[Kishan Barai]

ITXC on exports would only be allowed if you have GSTN number

[Kishan Barai]

ITC for exports would be only allowed if you have GST number

[CS SANJAY MALHOTRA]

GSTN no should replace completely the IEC code in times to come. Retention of GSTIN as suggested by my friends would gain the company.