GST Homework Incomplete
I have a suggestion and I shall put forward my point by giving an example.
Those who have taxable income below the limits specified, and hence are not paying any Income Tax, have the facility of “Form 15 G” (15-H for senior citizens) to be submitted, so that there is no Tax Deducted at source. If the IT depaart6ment gets into some doubt, they can always ask for clarification from such persons.
Likewise, why can’t there be some similar form for claiming an Exemption from GST, when the turnover is claimed to be below the specified limit? And if the taxation department has any doubts or queries, they can always check with the said trader/company/Firm.
Moreover each trader/businessman filing such application shall know one’s own responsibility while making such an application, and the department shall also have the details of all such traders and businessmen.
Possibly, like the Form 15G/15H, such forms shall also have to be submitted each year in the specified time limit, to claim the exemption. more
Those who have taxable income below the limits specified, and hence are not paying any Income Tax, have the facility of “Form 15 G” (15-H for senior citizens) to be submitted, so that there is no Tax Deducted at source. If the IT depaart6ment gets into some doubt, they can always ask for clarification from such persons.
Likewise, why can’t there be some similar form for claiming an Exemption from GST, when the turnover is claimed to be below the specified limit? And if the taxation department has any doubts or queries, they can always check with the said trader/company/Firm.
Moreover each trader/businessman filing such application shall know one’s own responsibility while making such an application, and the department shall also have the details of all such traders and businessmen.
Possibly, like the Form 15G/15H, such forms shall also have to be submitted each year in the specified time limit, to claim the exemption. more
Viewed by 921
View all 12 comments Below 12 comments
[ ]( # ) [ ]( # )  [ ]( http://r.sigma-institute.website/mk/cl/f/pwKiYLL1ASn71Ei52yYbYgydJHSW9-LO7KF1a0nh4tgRW1pwoNdUxs7KgX3RzzcRZkLobZ5OPUEYpglKhPp_9zyD_eI2ZbNWrY1ODBQRZlihbb5SOfWnVvCWxA1xV0PP5QAX9Aus9ewjHn_gAu4vXpLzOnuXINxQsodxqTV9_y5r1Xy6LhFSiXBthkov1gr1KMijvzPDOC1r6YqtU2dFf8R_JiX9bxtyiwx4jgHfdnZd7HWVf9yN_l8H7c_Vas3sAmFcUsZiZP3uXEN8EBkWq4xaBcIZiJW861MwAqK2bts8c3NLXVNX0tRk2hwQQ4tjkBToGdJo4t49-B8yiggeD50ogd4CkgN3nS0hqZ5KfqoXEDJClg )  [ ]( # ) COMPUTER FOR ONLINE CLASSES [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/CYkLdn3k2Fqa4HCiCaiBr-seBps6ERFwEWh2NUR4yZc6ofbDj9UEqoY_lthM2_CI2M3h_sCmlNXOmo1tB48y8kDL8VvV3LIsoNWPd7orU1D9HP2deHEVu4iwj_4p74tySnkJalAWzQ1TT_8M-CU9YJbgrA_5TPamsLamhc9AcT-Glc66vPQZWGy64OEEFIkq1tGSyA-YM6Uu1jJ-Bod36yuslD8x7Pnq4NkMzPMCgpo8twPvw438rdRAnJLEtQlXaOg0JXGqCM8X-0XxbsARGTPJ2ysrVQNUF54ksJjLmAksiIsehaIQSPa2B-zfzTJKzkLsp7dFavuDP5ODbyH9ERu8j_qvcVf8SoZiyDjcYnrN1GmWiw ) [ ]( # )  For online classes we are providing a complete set of computer with UPS in following specifications: Monitor 15"; Camera & headphone CPU: 160 GB HDD, 2 GB RAM, Core 2 duo Keyboard, mouse UPS ( Electronic voltage stabilizer ) This complete set we offer pan India for Rs. 21000/- ( All inclusive ) One extra 160 GB Hard disk will be supplied free of cost within 5 years, if present becomes in sufficient. All carry "M.I.'s" 1 year warranty.    [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/dLjmm3LvUiP_-iMq2N8eDunQjW3Px1nGQKC5a1bn5JCN5zcdhcmLruPQ3T6thQSpfS9pz5iEE7_Z3Chedlwb27GxTTIe72QzaGkoO_4WKsdwz9AR2lso7pcCvyUbTMoQgnUKjTXoIpdVnavSLuqbY6qUBJGXBFONQqXpCCnzouTt2vNhDYOH_6JQr_AFyQGn_rTZ_6MU5uSkoqlALlKyeJBlneXFSzL6asfnRNhvwn_Uy-_CSRwzAM24Q9LDcIyOXd2arBhdTJn6au0e5VDTpbRJvZF1731vs-c4JzN4bgjsIOjp33LXVt6W0vZaEAC94ygh0tctAAH-Lcgu5VQMkeAdF-RV9n6c0IbxNjXHEgZP713oug ) We understand the hardships...  Hardships of the parents, hardships of teachers, hardships of every such individual who is now compelled to work from home; be it student or the the professional now computer set is must. we decided to help all such people by providing the complete set including UPS to save your machine for longer life. In comparison to laptops desktop is robust & long lasting and also cheap & best ! For getting this deal, please click the button below:  [ Button ]( http://r.sigma-institute.website/mk/cl/f/qibSFNbyxawPFJ2cAcahWw2KS4TA0ptSMGTb_Y6W7EMXiaF0rasYFZ4e7K0_WuTQLk8QGQ500XPLMrmdHhSAGlwDKhknWZCSRs5pSnb-QN7i85zhtnil_FM76OmVsp5rxiDi3X5DrChj43gq6gn18Cq8_-MpdVV9bsS7L8MiP0x4k440V72G30mDPNH4IkNp9zKiRaV3sMfQz-lBCgdZwTOo_WJC2lLnbJkpmvw11BwByrDLmF17eRtZSc51pjBizlI8waql6isvltChtFFdyNB182NKQQjeXpMmmPH7F95_5TCFwa7MUbn0h9cO4ljiugBdeU9s8B-NyvuVV9esDmdVN5d0wTarvApG_hbcied9hnMLLw ) [ ]( # ) [ ]( # )  SIGMA INSTITUTE Delhi Cell: 9899075161 [ ]( http://r.sigma-institute.website/mk/cl/f/oybeyE3CJ8jRsgo1I4tUWEA4BJ4JcBflLfprPVysK9MAmRIMYvJ8lRb_L8RoAqYDrWZk9GL3Kdb6C26dGctZZAEEEdNrrGN7531KfNIvd8FpqWyN_757hPRRNmD7iT4Y5vTqyy42Izd1r2kXlltAJImWRQjBEQ9vrgKzAmm4o24gqAKPs854U5gmQHutLx6xqcJ_7V3tLmXqgC7n--GhsxtWDbb-ZggSDy-YJZjg92GXtdO502WoymgqXly9LPRXkDx8uyNf8uqZMNmiWpyXhlHMJwfyqWREDs5wglC4IXRi7rkWSYTtn8gJz7RxMK7drZYpnYV9vht574DO7dzcpCER1__-6Q ) [ ]( http://r.sigma-institute.website/mk/cl/f/W_QwFdojliU1mRbuRa2pgLFeku48uPNF_JMBqYq8XW7-RZaib9sqFEsRvZUD5j75rTPgBU-fCtlx-F2BGx6Xaw9V_VvD4Cfjk1A4alixhKnSZhW0vW8S4sIKWj98s5rkXDzfXLoKvRxA9M9IyGOVcrgYtX4Ysh2p9lzCPKmdLuYh8UOlZ0wvEGkgbK_zHTaI7dFC6tFK4gazy5dU2CVOMpLYikP0Wtrpp0LSEWoPan5sSQ_qve52HitiP007A4aDZl2Y3NOXuTTQo5D4Z-FL9p4_5xQ26cdRSeiXh5s4StOGASYVO2-NJuYepLZ0aYNMsMogzLIEAeQ3atHahMiPERezRA ) [ ]( http://r.sigma-institute.website/mk/cl/f/GqMKNfkLzDQ3dkMsO4jRSpCK6E17FynLIOKWtvdGpYwvWECQojysOP40U9UzjBN61EUQ5IWz6f27JHy_ZziyYmN144cCe79TF2-TbRUNo6OWy6Fq-Vtfo6mrXE-9kc98PdCPFjDeUpgN_CbFMp49_rFMk-0CvxuP8AoeC3HJlwttOI6Gv1i_at5CaPnrs7pQan_toBAtJpM1aSWmAc8Jj_iVwaQU3rk0xa_GjYD0aJ9Sdzh_qphlxccu7UxOeYd-l7iPn5-OFnZr3oVjo3HbZe-0EdekqErVE0-lUyyfY8KJpNiKnXMcSy-A3DUsTCRYZwRHLKkBWtPPAe-Sr0dBXPY ) [ ]( http://r.sigma-institute.website/mk/cl/f/ojDDfYAtDtUZjFux5YBa13g2ske_xa0wrvkFD3BXZHXkQVsk3t5iKh-Ccew7BgYU_0VK1XYaOsDWlTJZWUZu5sIlSIvjR7r0_jxoVYT-KyAZxZoscf_JXAFwacLCKFL3U_NMCpYh8oGpvQ9WQ4U9JOaFmMX5_o78FxudJkqslLE3-6mq69w_tLSi6NVJbwoAMCV-GR4ymJ71e7Q1ivbmE_-FUyo3tXpL11p9Qol-IZfOjYqTnhThqmaItWYjCBUy7ouQlvc2OlphwlXVVZxMemK4XU3ZFXUQ4XqAA88P4ocO-3Ltp58ydGQdmbeHoREmftifQit03zGpWBogG64ssKXIsXumRqWe2CaDpnI ) [ ]( http://r.sigma-institute.website/mk/cl/f/HspIWlNiG1IO0gK7omx5iLeS7YYW1psQKWPpMIV47i1IlGwRofbacSXqcbmkLHWlzcXWpsYC7gWnsTQTDbG280VzEWblQyK8x0J3wthrcb2_qkASzF0uUa8CbNWeY4k4s-1N0OVXEK29K3U3ht9oH9qgbuBKU6UT5Ne74iRJbY5f3sYBv-0W-fUlrVDzLKvceegCP1JTla5h6Hss10Sdj-xDdRpi2mWtt7Rulwu2k57VlcVezsa9aF9gkS4ZuihQ-OgGrl_msSwnQIpLQCwV85iBEJyceEDMCwQc20h7spInOK-cPaT64p0e4g_INwarJOe3vZRil9KXd8i8e4ZNIXRng5uEcA ) [ ]( http://r.sigma-institute.website/mk/cl/f/URDzy4iTeaj7a0vanlKbLilsWfp7dKcr7rlPsvMCvYyBKoVmJfRQpH4kC6DtMTaEIL7rpoZSB2LWoCzWwRBMgJdlcY5v48YZxXfBhgiulyVOc5BoP7bt4ynHugbw9L-Qu_8K8LUVhNU35WBp9k7j2qNtAoRqr2zycFNXQAoj5wFQRnp4HX3p5eOFRNweFf1AmkhgPbFFh2_eSTeu_reSa1h_-57CZeidwa6p66cxNo7-ToVc1JFlBM0v07NU4RJbrccsxeaOB3sbVMXR2LYl5bJkuKjL7mZQJ1f2Lr_YN9DNhpCU0H_d9BjXlhOR1vpoIX8jqHNxq_j-8AdlP8FHlcjKDVTeFPMWPdDDjbxPiNHKEH6Ymh_ppIvf3jhqubaVmKpRcXiGgzLbORAkqRA ) [ ]( http://r.sigma-institute.website/mk/cl/f/ABJWTXWIABHdujcwR6qCXbalVtk8Nc_MXnDzbB_JrhwHLNZ_qxjhynfv9yxI99z1s9hBpG7QZu4Eg9MSd_gJodqN7hnE8XYW-rUxqImR4-RE3Hj3YnXmZBacNNdZtsxcRgKHQaj2M4JI3FA1IHjuQtIvusmA44N2grKiOP7BoxFazYlriAGX7qVTfOQb2Tqm54YcStDqNg7tfYivhlXoOvRFitPsvlN_YKWdx9SmQajfs_-MRyW6OJvWvOwdK_Suu6sulZ6peSDX9ge-JkNkt4tP6or3--TabRI1nG5-nTKFtCmO4hltki8pATO-0TVvbIgXFlhafJdtpeBCBMTOwGijRd9Gzb1HHNBA-QJM ) [ ]( http://r.sigma-institute.website/mk/cl/f/FKY5tlsN_rTsxPMfMGqPTftNokfNfwbHatesl0kGNb2VyIzLl4SsIyAlXD9cMxNI6UTxm-8PFoo-vEwFtBL6PdmYte6EnYyPPi9FV2t3WVUf46mppeUjUt0widfz68y_Z_4eR8UkDNI7mVDI8klMqOOlYcoYpoUrtu94f9m9TwtOb4c_oafoTOEB9lQeVLA6z0YzlpRXnLJCfR__Xtd33CROFqdEs3-1DDbGTOIJireCzbVJGWKKZPFgEcJHF58ri9hAHDXBqT0D-dXL4rCXpaT_lvqFEp12bz6xrkNUkqhLStJXEEbHxS9MfKIM8w32q4I9QSeWcFJ0f59vYOJ3WIzYuk26_AMZwwVO )  [ ]( # )  You received this email because you are registered with Sigma Institute  [ Unsubscribe here ]( http://r.sigma-institute.website/mk/un/kvbZ-6ehzzLVuIuYbZYEgWvsHyQEPGGVq7oDeegpCdevBIAZuAI_cTTTQuRxiOFI66cIDElrrbvZaFj4dNbgMFVSf4_Ms0USker7WT-_ywRPf5nx82CuRCMwHKM4Vt9--ixCibMcVrIamZ5QJylEiD-9ZNEB3PHlSkN9tkcve5e9fKAr6jVP5p7QaqaPXp2pwbDXFQBnF9bKxsaroMuPf5UxNIA )  [ ]( # )  © 2020 Sigma Institute  more
Oct 31
If Revenue is under 20L, no requirement to Register. If Not Registered 1. Cannot charge GST seperately - Illegal to charge but not pay to Govt - Must Invoice inclusive of Tax 2. Cannot avail Input Credit for GST Charged by Vendors Govt is really not concerned about last point GST from sales by small business. No exemption required. more
Sep 13
Where is the exemption? As far as I think, there is no exemption from GST. If some trader below taxable limit purchases anything from a registered dealer, he is charged GST by the selling registered dealer as in the case of an end user. more
Sep 13
Very nice suggestion. Can some one pass on this suggestion to GST Council and our learned Finance minister for adoption. more
Sep 13
