Should I register GST

Dear Tarun,

Hope you are doing well !!

As per Section 22 of the CGST Act, “Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category states, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds 20 lakh rupees.” However, the limit of 20 lakhs is not applicable where inter-state supplies are made.

Since export has been deemed to be an inter-state supply, all exporters of services would mandatorily be required to take registration under GST even if exports are zero-rated under GST.

Under GST regime, the exporter has either of the two options:

• Export under bond without payment of GST
• Export along with GST payment and claim refund later

Thanks & Regards,

Payal Chhajed

Hi Tarun

You are not liable to GST registration. Refer to notification 10/2017.

You need to register under GST once your turnover crosses 20 lacs. Apply for Letter of Understating right after registration. Post registration and application of LUT, you can export without payment of GST; return filing shall be mandatory.

Hi Tarun,

No, you are not liable for GST registration.

Central Government vide Notification No. 10/2017 – Integrated Tax dated 13th October,2017 has exempted the persons making inter-State supplies of taxable services and having an aggregate turnover not exceeding an amount of Rs. 20 lakhs in a financial year from obtaining registration.

Once the your turnover crosses Rs, 20,00,0000, you will have the option to make supplies with or without the payment of IGST (Apply for LUT).

Accordingly you will have to evaluate the option, of LUT/Bond.

1. Since engaged in export of service transaction- Mandatory registration requirement in GST and limit of 20 Lacs not available

2. GST will not be required to be paid, LUT application is required to be filed

3. IEC code not required for current business setup

Get registered in GST immediately, if any assistance is required, Do reach out to me.

Thanks.

Hi Tarun

As you are providing export of services you are mandatory require registration of GST. 

Earlier people providing inter state supply were compulsorily required to register under GST but after a notification the compulsion has been removed and now you need to register only if the turnover surpasses 20 lakhs and if it does surpass then also you can apply for LUT and export without charging GST.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi,

- Not required upto turnover of Rs.20 lacs.

Thanks

You are required to seek GST registration once you cross the limit of 20 lakhs. 

The exports are zero rated but the law provides that either the exports can be made under a bond or by taking letter of understanding.  

You will also have to do return filing compliances.

Hi

GST registration not required till 20 lacs turnover.