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Section 24(10) of the CGST Act, 2017 lays down that the threshold exemption such as turnover being less than INR 20L etc. is not available to such persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under secti...
Wazzeer Professional Network
ProfessionalHello Team, As per the below news from Government, do we require to provide GST number if our turnover is less than Rs. 20 lakh? Small businesses with a turnover of less than Rs 20 lakh don't have to register themselves under GST for selling goods or services through e-commerce portals. "This step has been taken to provide more time for persons liable to deduct tax at source/e-commerce companies and their suppliers to prepare for the historic tax reform," the statement added. Read more at http://economictimes.indiatimes.com/articleshow/59327936.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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Wazzeer Professional Network
ProfessionalSection 24(10) of the CGST Act, 2017 lays down that the threshold exemption such as turnover being less than INR 20L etc. is not available to such persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52 of the CGST Act, 2017and they would be liable to be registered irrespective of the value of supply made by them.
However, it has come in public domain that the GST Council in the 23rd meeting held at Guwahati on 10th November 2017 has decided to exempt such suppliers providing services through an e-commerce platform from obtaining compulsory registration provided their aggregate turnover does not exceed twenty lakh Rupees. As a result, all service providers, whether supplying intra-State, inter-State or through e-commerce operator, will be exempt from obtaining GST registration, provided their aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in special category States except J & K). Further clarity on the issue would ensue on notifications issued by the concerned authorities.
Now get your business GST registered seamlessly, to hire us -> "Get your Wazzeer"
almost 4 years ago
View answer
Hello Team, As per the below news from Government, do we require to provide GST number if our turnover is less than Rs. 20 lakh? Small businesses with a turnover of less than Rs 20 lakh don't have to register themselves under GST for selling goods or services through e-commerce portals. "This step has been taken to provide more time for persons liable to deduct tax at source/e-commerce companies and their suppliers to prepare for the historic tax reform," the statement added. Read more at http://economictimes.indiatimes.com/articleshow/59327936.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
-
Wazzeer Professional Network
ProfessionalSection 24(10) of the CGST Act, 2017 lays down that the threshold exemption such as turnover being less than INR 20L etc. is not available to such persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52 of the CGST Act, 2017and they would be liable to be registered irrespective of the value of supply made by them.
However, it has come in public domain that the GST Council in the 23rd meeting held at Guwahati on 10th November 2017 has decided to exempt such suppliers providing services through an e-commerce platform from obtaining compulsory registration provided their aggregate turnover does not exceed twenty lakh Rupees. As a result, all service providers, whether supplying intra-State, inter-State or through e-commerce operator, will be exempt from obtaining GST registration, provided their aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in special category States except J & K). Further clarity on the issue would ensue on notifications issued by the concerned authorities.
Now get your business GST registered seamlessly, to hire us -> "Get your Wazzeer"
almost 4 years ago
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