TaxTMI 
TaxTMI 
GST on voluntary - below threshold entities
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....ST on voluntary - below threshold entities<br> Query (Issue) Started By: - Jabira S Dated:- 18-8-2017 Last Reply Date:- 20-8-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Hi, The threshold for GST for entities is 20L, and in case of entities below the threshold, though there is no need of registering with GST, dealing with other entities (with GST ) enforces them to register for GS....
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....T. In these cases, which normally is voluntary registraton, it is not fair that these kind of entities are made to pay GST , irrespective of the threshold limit. Please let me know if my understanding is wrong and if there is any clause which helps entities under threshold limit to get waiver on GST. Regards Nishi/Jabira Reply By KASTURI SETHI: The Reply: Dear Querist, You are absolutely rig....
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....ht. Threshold exemption is conditional. First condition is that threshold exemption is not available to those who are engaged in inter- State sale or service. Casual taxable is not allowed. The persons who are engaged in composition scheme are not allowed to avail threshold exemption. There are many other conditions. The registered persons motivate others to get registration certificate because th....
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....ey want to avail ITC. My article on this issue has been published in TMI on 7.7.17. Pl. Go through for more information. Reply By RAMESH PRAJAPATI: The Reply: If supplier is unregistered then GST registered recipient is required to generate tax invoice and pay tax under RCM. At present, any GST registered co is not willing to do that. Secondly, unregistered person is not allowed to do intersta....
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....te business. For this reason registration is required. Reply By subramanian vijayakumar: The Reply: I endorse expert Sethy sir views rightly enlightened Reply By Himansu Sekhar: The Reply: A voluntary registered person even if below the limit will have to pay the gst as he is a registered person. Any supply from registered person attracts gst. Reply By Ganeshan Kalyani: The Reply: It is bett....
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....er to transact with a registered dealer.<br> Discussion Forum - Knowledge Sharing ....