GST — Notification No.IO/2019-Central Tax dated 07.032019 Exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed 40 lakhs

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... C. No. IV/16/03/2019-GST.Pol. Date: 20.03.2019 FACILITY NOTICE NO. 01/2019 Sub: GST - Notification No.10/2019-Central Tax dated 07.03.2019 Exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed ₹ 40 lakhs - Reg. Reference is invited to Notification No.10/2019-Central Tax dated 07.03.2019 (copy .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... registration as per Section 25(3) of CGST Act, 2017 i.e., option exercised to have GSTIN & payment of GST even their aggregate turnover is within the threshold and eligible for exemption; 2. It is seen from the GSTN database that many taxpayers have filed "Nil returns" or "No Tax Returns" during the financial year 2018-19 and these taxpayers may opt for "Cancellation of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... RC cancellation in the GSTN portal. It is also clarified that the option for availing the benefit of this notification cannot be exercised after issuance of any tax invoice in the financial year 2019-204i.e., from 01.04.2019. 4. This facility notice is being issued to sensitize the taxpayers of Coimbatore Commissionerate about the contents of Notification No.10/2019-Central Tax dated 07-03.2019 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X