Minimum Threshold limit
Query (Issue) Started By: – Archna Gupta Dated:- 16-11-2017 Last Reply Date:- 19-11-2017 Goods and Services Tax – GST
Got 13 Replies
GST
Hi,
Please suggest whether the limit of 20 lacs is applicable on exporters of services also as this limit now covers Inter state supply also.
Thanks
Archna Gupta
Reply By KASTURI SETHI:
The Reply:
Yes, the value of export is to be included while arriving at threshold limit of ₹ 20 lakhs.
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
Yes, applicable.
Reply By Ramaswamy S:
The Reply:
Exporters need to be registered under GST irrespective of the Turnover Limit.
Please refer Section 24 – Compulsory registration.
It says persons making Inter state supplies. Ex
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a:
The Reply:
We are not registered yet. Now we would have to register or exemption applicable on export of services
Reply By Ramaswamy S:
The Reply:
It is advisable to register under GST rather than seeking exemption from registration under the threshold.
Regards
S.Ramaswamy
Reply By KASTURI SETHI:
The Reply:
Rightly advised by Sh.S.Ramaswamy Sir.
Reply By Ganeshan Kalyani:
The Reply:
I too agree with the views of the experts.
Reply By Kishan Barai:
The Reply:
ITXC on exports would only be allowed if you have GSTN number
Reply By Kishan Barai:
The Reply:
ITC for exports would be only allowed if you have GST number
Reply By CS SANJAY MALHOTRA:
The Reply:
GSTN no should replace completely the IEC code in times to come. Retent
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