TMI Blognew registration under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... can i take new registration in GST my turnover is Between 5 to 6 lakh propritor ship business of printing and stationery i dont have sales tax and vat registration Pls guide me sirs, the company is asking GSTN No from me if i dont submit the no they will not do business with me because if they do business with the tax liability is to paid by them as per rule of RCM for avoiding the Tax liabil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity they forse me to do registraion Pls guide me - Reply By KASTURI SETHI - The Reply = Yes. You can apply for registration under GST Act . It is your option. - Reply By SHARMA NARAYAN - The Reply = thanks for reply sir, Under which clause i can take registration pls suggest - Reply By Ganeshan Kalyani - The Reply = Sec 25(3) of SGST Act , A person, though not liable to be registered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under section 22 or section 24 may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered person, shall apply to such person. As per above provision a dealer even though his turnover is below the threshold can apply for registration. However, it is discussed that there should be a threshold limit to pay GST under reverse charge for purchase ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from unregistered by a registered dealer. - Reply By Himansu Sha - The Reply = Voluntary regn is under sec 25(3) of cgst act , after taking regn, you can take credit on inputs in stock, inputs contained in finished goods and semi finished goods. You should have the invoices which should not be more than one year old.capital goods credit is not allowable - Reply By Himansu Sha - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = If the invoices are not available 40/60 scene can be availed - new registration under GST - Query Started By: - SHARMA NARAYAN Dated:- 12-6-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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