Exemption on GST Registration in India

Comments · 7 Views

As per the Indian Government, the following taxpayers are excluded from GST Registration in India:

1. People making exempt supplies: Registration of GST in India is not required for those who provide exempt & nil-rated supplies. Unprocessed food, local & overnight train travel, education, healthcare without medications, hotel & lodge stays for less than Rs. 1000 rent, coloring books, and accessories like bindis, and bangles & indoors are among the exempt & NIL-rated products & services.

2. Agriculturists: People who supply products out from their cultivating land are exempt from GST Registration in India.

3. People making non-taxable supplies: Registration of GST is not needed for those who provide non-taxable & non-GST supplies. Natural Gas, Alcohol for Human Consumption, Crude Petroleum, High-Speed Diesel, and Aviation Turbine Fuel are among the products on the list.

4. People who make supplies under Reverse Charge: People or individuals who make supplies under reverse charge are excluded from GST Registration.

5. People below the threshold limit: It’s not compulsory for companies with an annual turnover of less than Rs. 20 lakhs to GST Registration. The limit is Rs. 10 lakhs in multiple north-eastern states comprising J&K, Uttarakhand, H.P. & many others.

6. People with activities not considered as service or supply of goods/products: In India, GST Registration is not required for individuals who provide services to any company or organization, any court or tribunal, property, auctions, funerals, or those who hold political positions.

disclaimer
Read more
Comments