Migrated to GST with less than 20 Lakh turnover

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I have a sole proprietorship firm registered under Central Board of Excise and Customs i.e, service tax registration.

My nature of business is Website Designing. I have a turnover of Rs. Five lakhs p.a.

Recently its migrated to GST portal and GST registration number is generated.

Earlier I dint charge any tax on invoice because it was exempted (below 10 lakhs).

Q.1: Now under GST do I have to charge tax?

Q.2: If yes, can I cancel my GST and continue with old billing?

Q.3: After cancellation of GST, can I provide service under old registration and continue my business as before?

Regards,

 

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GST - Registration Ranjit 2 years 2 Answers 239 views 0

Answers ( 2 )

  1. taxclinic_team700

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    if your turnover is less than 20 lakhs/- you don’t need to register under GST.

    Yes, if you have a GSTIN number then you will charged GST on your invoices.
    yes, you may cancel your registration by filing Application for cancellation has to be made in form GST REG 16.
    yes, you continue your business but old provisions such as service tax will not levied in your business because service tax now abolished.

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    Thank you for the reply.

    Cancellation form GST REG 16 is not available in GST portal. There are no notification by government on this. So I cannot submit it now and hence I will charge GST on invoices. Kindly correct me if Iam wrong.

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