Question : If I register voluntarily though my turnover is less than Rs. 20 lakhs, am I required to pay tax on supplies made post registration ?
Answer: Yes. If you obtain voluntary registration despite the turnover being below Rs. 20 lakhs, you would be treated as a normal taxable person and would need to pay tax on supplies even if they are below the threshold for registration. You will also be entitled to take input tax credit.
GST on MSME : FAQ’s
GST on Textile : FAQ’s
GST on Export : FAQ’s
GSTIN / PAN and Invoice information in Shipping Bill
Bond or LUT along with Shipping Bill
Drawback after GST regime
Related Topic on GST
Topic | Click Link |
GST Acts | Central GST Act and States GST Acts |
GST Rules | GST Rules |
GST Forms | GST Forms |
GST Rates | GST Rates |
GST Notifications | GST Act Notifications |
GST Circulars | GST Circulars |
GST Judgments | GST Judgments |
GST Press Release | GST Press Release |
GST Books | Best Books on GST in India |
GST Commentary | Topic wise Commentary on GST Act of India |
GST You Tube Channel | TaxHeal You Tube Channel |
GST Online Course | Join GST online Course |
GST History | GST History and Background Material |