GST Threshold Exemption

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..... GST Threshold Exemption
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 5-1-2021 Last Reply Date:- 10-1-2021 Goods and Services Tax - GST
Got 2 Replies
GST
XYZ (franchise) selling .....

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..... products under brand of PQR (Franchisor). PQR not taking any royalty from franchise. XYZ not allowed to sell product other than of PQR. E.g., MRP of product 'X' is ₹.100/-, 'Franchisor' chargin .....

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..... g XYZ ₹.90 + ₹.2 GST= ₹.92 by issuing a tax invoice. XYZ making payment to franchisor against this. XYZ re - selling product to customer at MRP of ₹.100/- thereby getting a pro .....

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..... fit of ₹.8 (100 - 92). Can XYZ claim exemption up to ₹ 20 Lacs or need to pay GST from day one? Reply By KASTURI SETHI: The Reply: In my view, no threshold exemption is available Covered .....

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..... under compulsory registration under Section 24 (vii) of CGST Act. Emphasis is supplied on the expression, "or otherwise". Reply By Ganeshan Kalyani: The Reply: I agree with the views of S .....

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..... ri Kasturi Sir.
Discussion Forum - Knowledge Sharing .....

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