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TMI BlogExemption limitX X X X Extracts X X X X X X X X Extracts X X X X ..... Exemption limit X X X X Extracts X X X X X X X X Extracts X X X X ..... for both the years I.e 2018-19 and 2019-20. Now 26 AS statement for 2019-20 reflects the amount of SRS 28,00,00,0/-. Shall I have to take GST registration since the TDs for 2018-19 is reflected in 2019-20. Regards Amresh Kumar Reply By KASTURI SETHI: The Reply: Sh.Amresh Kumar Ji, While filing Income Tax return for financial year 18-19 (A.Y.19-20)and 19-20 (A.Y.20-21), have you not show ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n figures separately ? I think there is some error on your part. Reply By Amresh kumar: The Reply: Respected kasturi sir, The income tax return is filed for both the years mentioning the turn over of 16 lakhs and 12 lakhs. The TDS of 2018-19 was however deducted in 2019-20 by the recipient of the service and this had been mentioned in the Income tax return filed for F.Y 2019-20 . Regards R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply By KASTURI SETHI: The Reply: Dear Sir, If it is so, you need not apply for registration. Reply By ARVIND JAIN: The Reply: No need for GST registration as in both years its below the exemption limit but you should not be claiming Full TDS otherwise you may get a notice for registration and mismatch of turnover. Hope you have claimed proportionate TDS only. Reply By Ganeshan Kalyani: The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply:
Sir, the threshold exemption for GST registration has to be assessed by not considering the turnover as per 26AS.
Reply By GB Rao:
The Reply:
Dear querist,
I agree with the experts opinion on your query. X X X X Extracts X X X X X X X X Extracts X X X X
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