Gst registration
Querist :
Anonymous
(Querist) 01 September 2019
This query is : Resolved
My turnover is less than the threshold limit of Rs.20 lacs as prescribed by GST
I understand that I need not go for GST Registration.
But to get business,
I need to submit vendor registration, where GST Number is mandatory;
Thus should I need to get GST registration even though my turnover is less than Rs.20 lacs and comply with all provisions.in GST like filing returns (Nil returns ) etc.and charge no GST on my bills etc.
the present situation is like this. ... - If I have GST number I will get business or not..
H.M.Patnaik
(Expert) 02 September 2019
There is a provision in the GST Act for Voluntary registration of a business entity even though one has not crossed the threshold turnover limit of Rs. 20.00 Lakhs . You can apply for the same and obtain GST registration. However, ince you are registered you have to issue GST bill to Customer charging GST at applicable rates and follow all procedures prescribed under the Act & rules. If you are a small trader , you have an option to obtain registration as a Composition Dealer, wherein you cannot charge GST on your Sale invoice or take benefit of Input Tax Credit on your purchases. For this purpose, You have apply in the GST portal attaching requisite documents(Scanned Copies). You can also take assistance of any tax consultant or GST practitioner of your locality for proper guidance.
