Gst Registration

Bibhu Mishra
watch_later 3 years, 8 months ago

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

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2 Answers

Bibhu Mishra watch_later 3 years, 8 months ago

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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    Hi Sir, Please write your comments on comment box otherwise the who answered will not get notification. The box you used is only for answers. - Pulkit Sharma
    Even if your job is to repair equipments. If you are not registered, Hospital will have to create invoice on your behalf and pay tax. Why will hospital take this extra burden on them!!! - Pulkit Sharma
    But Sir, Hospitals are under Healthcare Sector. And healthcare is completely exempted from GST . So , why and how hospitals need to pay tax on behalf of an unregistered service provider ! - Bibhu Mishra
    Medical equipment are taxed. And you will not be treating people but equipment. - Pulkit Sharma

Pulkit Sharma watch_later 3 years, 8 months ago

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.

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