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/ .....

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..... -, 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 .....

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..... /- thereby getting a profit of ₹.8 (100 92). Can XYZ claim exemption up to ₹ 20 Lacs or need to pay GST from day one? - Reply By KASTURI SETHI - The Reply = In my view, no threshold ex .....

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..... emption is available Covered under compulsory registration under Section 24 (vii) of CGST Act . Emphasis is supplied on the expression, or otherwise . - Reply By Ganeshan Kalyani - The Reply = .....

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..... I agree with the views of Sri Kasturi Sir. - GST Threshold Exemption - Query Started By: - Kaustubh Karandikar Dated:- 5-1-2021 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion For .....

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..... um - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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