watch_later 02/07/17

I started my business just 1 month back. I do service of medical equipments used in hospitals. And my customers are mainly hospitals. I like to now:

1. Do i need register for GST now or can I wait till achieve Rs 20 lacs turnover?

2. If no need register now, then in what format I should issue invoices to customers?

Thank You

2 Responses | Latest response: 02/07/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 02/07/17

Registration is compulsory if your turnover cross 20 lakhs. However for registration you should not only consider turnover but other direct things also.

If you do not register under GST, Hospitals may not prefer your services as purchasing from unregistered person is chargeable under RCM.

It is advisable that you get registration if you are dealing with registered businesses.

Registered businesses will prefer registered supplier to avoid compliance issues such tax under RCM.

You will not be able to supply goods out of base state without GST registration.

watch_later 02/07/17

Thank You Mr. Pulkit for clarifying.

BUt, my job is only to repair equipments in hospitals which are not functioning properly. I am not selling any goods to them nor have any out of state transactions.

So, even then also do you suggest for getting registered !

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