I registered for service tax registration during FY17 and paid the same, as i had crossed threshold limit of INR 10 lakhs. Now i have registered for GST, but my billing is below the threshold limit of INR 20 lakhs, so do i need to file NIL return or do i have to cancel my GST registrations?
Hi,
If you are registered under GST, you have to charge GST even if the turnover is below 20 lacs.
You can apply for surrender of GST registration but till the time it gets surrendered, you have to comply with the GST provision.
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com
Since you are registered, irrespective of the fact that your turnover is below 20 lakhs, you'll have to charge GST, pay and file your returns in due time.
You may apply for cancellation in the meanwhile.
hii
first of all i want to clear one doubt which i think you have
in GST after getting registered Payment of GST is must even if you are not crossing 20 lakhs limit
GST not like service tax in which we can enjoy limit of 10 lakhs even after registration
yes you have to file GST returns even if you have nil transactions
if you not want to pay GST then you have to surrender GST Registration
Hello,
It is preferable to cancel your registration to save up on compliance cost.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Hello,
It is totally up to you if you want to continue with the registration or cancel it. If the compliance burden is a lot then you may cancel it.
Trust this clarifies.
Regards,
Keerthiga Padmanabhan
M.Com., CA, LL.B
