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,
\nPlease suggest whether the limit of 20 lacs is applicable on exporters of services also as this limit now covers Inter state supply also.
\nThanks
\nArchna Gupta
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes, the value of export is to be included while arriving at threshold limit of ₹ 20 lakhs.
\nReply By MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nYes, applicable.
\nReply By Ramaswamy S:
\nThe Reply:
\nExporters need to be registered under GST irrespective of the Turnover Limit.
\nPlease refer Section 24 – Compulsory registration.
\nIt says persons making Inter state supplies. Ex<\/p>\n
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\nThe Reply:
\nWe are not registered yet. Now we would have to register or exemption applicable on export of services
\nReply By Ramaswamy S:
\nThe Reply:
\nIt is advisable to register under GST rather than seeking exemption from registration under the threshold.
\nRegards
\nS.Ramaswamy
\nReply By KASTURI SETHI:
\nThe Reply:
\nRightly advised by Sh.S.Ramaswamy Sir.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nI too agree with the views of the experts.
\nReply By Kishan Barai:
\nThe Reply:
\nITXC on exports would only be allowed if you have GSTN number
\nReply By Kishan Barai:
\nThe Reply:
\nITC for exports would be only allowed if you have GST number
\nReply By CS SANJAY MALHOTRA:
\nThe Reply:
\nGSTN no should replace completely the IEC code in times to come. Retent<\/p>\n
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