Exemption limit, Goods and Services Tax - GST

[Amresh kumar]

Sir,

In 2018-19 I raised a bill for professional service amounting to Rs Sixteen lakhs ( ₹ 16,00,00,0/-) in 2019-20 I raised the bill for professional service for Rs Twelve lakhs Rs(12,00,00,0).

The TDS was deducted in 2019-20 for both the years I.e 2018-19 and 2019-20. Now 26 AS statement for 2019-20 reflects the amount of SRS 28,00,00,0/-.

Shall I have to take GST registration since the TDs for 2018-19 is reflected in 2019-20.

Regards

Amresh Kumar

Posts / Replies

[KASTURI SETHI]

Sh.Amresh Kumar Ji,

While filing Income Tax return for financial year 18-19 (A.Y.19-20)and 19-20 (A.Y.20-21), have you not shown figures separately ? I think there is some error on your part.

[Amresh kumar]

Respected kasturi sir,

The income tax return is filed for both the years mentioning the turn over of 16 lakhs and 12 lakhs.

The TDS of 2018-19 was however deducted in 2019-20 by the recipient of the service and this had been mentioned in the Income tax return filed for F.Y 2019-20 .

Regards

[KASTURI SETHI]

Dear Sir,

If it is so, you need not apply for registration.

[ARVIND JAIN]

No need for GST registration as in both years its below the exemption limit but you should not be claiming Full TDS otherwise you may get a notice for registration and mismatch of turnover. Hope you have claimed proportionate TDS only.

[Ganeshan Kalyani]

Sir, the threshold exemption for GST registration has to be assessed by not considering the turnover as per 26AS.

[GB Rao]

Dear querist,

I agree with the experts opinion on your query.