GST filing exemption
Require clarification with regard to GST not compulsory but optional filing upto 75lakhs business turover more
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Every registered person (either composition or regular) under GST has to comply provisions and all relevant returns are to be filed on time without late fees and after time with late fees. Remember that if a particular return is not filed for previous month/ quarter u will not be able to file next month/ quarter same return. Even if there is no business NIL return has to be filed. Once registered there is no exemption in compliances. more
Apr 12
Mr Ashok Anand ji thresh hold limit for seeking registration in GST is 20 Lakhs and in eastern states it is 10 lakhs. If your turnover is more than 10 or 20 Lakhs, as applicable, you are liable for GST registartion. Once you are registered in GST then you are bound to file GST returns depending upon the turnover of your business. If your turnover is upto 1.5 carores then you can opt composition scheme and file quarterly returns. If you don't go for composition still you can opt quarterly mode of return filling. If your turnover is more than 1.5 carores then you have to file monthly returns. Once you are registered in GST then you have to file GST returns irrespective of your turnover with monthly or quarterly options. more
Apr 12
Yes but because we are replying to day so we are talking about present limit of 1.5 crore. more
Apr 12
I had understood that Consultancy services remains Optional up to Rs 20 Lakhs p.a., as exempt from GST...Same way, trading also must have been given some revised thresh hold limit up to which GST more
Apr 12
Could you identify the provision / rule you are referring to ? I'm unaware of any such provision .... more
Apr 12
