Voluntarily registered : needs to Pay GST even if Turnover less than 20 Lakh

By | July 20, 2017
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(Last Updated On: July 20, 2017)

Question : If I register voluntarily though my turnover is less than Rs. 20 lakhs, am I required to pay tax on supplies made post registration ?

Answer: Yes. If you obtain voluntary registration despite the turnover being below Rs. 20 lakhs, you would be treated as a normal taxable person and would need to pay tax on supplies even if they are below the threshold for registration. You will also be entitled to take input tax credit.

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