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GST Threshold Exemption, Goods and Services Tax - GST

Issue Id: - 116945
Dated: 5-1-2021
By:- Kaustubh Karandikar
GST Threshold Exemption

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XYZ (franchise) selling products under brand of PQR (Franchisor). PQR not taking any royalty from franchise. XYZ not allowed to sell product other than of PQR. E.g., MRP of product ‘X’ is ₹.100/-, ‘Franchisor’ charging XYZ ₹.90 + ₹.2 GST= ₹.92 by issuing a tax invoice. XYZ making payment to franchisor against this. XYZ re - selling product to customer at MRP of ₹.100/- thereby getting a profit of ₹.8 (100 – 92). Can XYZ claim exemption up to ₹ 20 Lacs or need to pay GST from day one?

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Showing Replies 1 to 2 of 2 Records

1 Dated: 7-1-2021

In my view, no threshold exemption is available Covered under compulsory registration under Section 24 (vii) of CGST Act. Emphasis is supplied on the expression, "or otherwise".

2 Dated: 10-1-2021
By:- Ganeshan Kalyani

I agree with the views of Sri Kasturi Sir.


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