Home Forum Goods and Services Tax - GST Month 1 2021 2021 (1) This
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GST Threshold Exemption - Goods and Services Tax - GSTExtract 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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