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Minimum Threshold limit, Goods and Services Tax - GST

Issue Id: - 113055
Dated: 16-11-2017
By:- Archna Gupta
Minimum Threshold limit

  • Contents

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

Showing Replies 1 to 13 of 13 Records

1 Dated: 16-11-2017
By:- KASTURI SETHI

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


2 Dated: 16-11-2017
By:- MARIAPPAN GOVINDARAJAN

Yes, applicable.


3 Dated: 16-11-2017
By:- 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


4 Dated: 16-11-2017
By:- 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.


5 Dated: 17-11-2017
By:- 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


6 Dated: 17-11-2017
By:- Archna Gupta

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


7 Dated: 17-11-2017
By:- Archna Gupta

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


8 Dated: 17-11-2017
By:- Ramaswamy S

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

Regards

S.Ramaswamy


9 Dated: 17-11-2017
By:- KASTURI SETHI

Rightly advised by Sh.S.Ramaswamy Sir.


10 Dated: 18-11-2017
By:- Ganeshan Kalyani

I too agree with the views of the experts.


11 Dated: 18-11-2017
By:- Kishan Barai

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


12 Dated: 18-11-2017
By:- Kishan Barai

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


13 Dated: 19-11-2017
By:- 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.


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