Obtaining GST Registration Voluntarily

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... XYZ is a proprietor of an ENT Hospital. The income generated by the hospital along with the proprietor s other income such as earning through Residential premises given on rent, capital gains, bank interest, FD interest, interest on loan given to a company, interest on PPF and dividend etc. 1) Can XYZ obtain GST Registration voluntarily, despite no statutory obligation? If yes, 2) will XYZ able to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... take credit of inputs / input services and later claim refund as there are no taxable outward supplies? - Reply By KASTURI SETHI - The Reply = Dear Sir, There is no restriction on voluntary registration under GST but GST cannot be collected from the buyer/service receiver on his own volition. Collecting any tax without any authority of law is illegal and unconstitutional. That person may depos .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it such collected tax with Govt.but ITC cannot be taken. No. question of refund if tax collected illegally and deposited with Govt.There are judgements on this issue. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = One can register voluntarily if his aggregate turnover is less than ₹ 20 Lakhs. If Tax is not collected Nil return is to be filed. If exempted supply is provided no input ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... x can be taken or refund cannot be claimed, - Reply By YAGAY andSUN - The Reply = We duly endorse the views of our experts. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Thanks Mr. Yagay - Obtaining GST Registration Voluntarily - Query Started By: - Kaustubh Karandikar Dated:- 8-12-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply pos .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X