Query For Registered Trader Below 20lakhs

VSSR Kumar
watch_later 3 years, 4 months ago

Sir, my turnover on trade is approx 10lakhs per annum and i got registered under GST also. Earlier, i had to get registered under VAT and subsequently got this GST number under composition . My query is, since my turnover is below 20L, am i supposed to pay 1% tax and is there any possibility of cancelling the GST number and free from these formalities.  

  • chatComments
1 Answer

GST Payer watch_later 3 years, 4 months ago

Yes you can cancel registration any time after paying your liability.

Login to your GST portal with user id and password and apply for cancellation of registration.

  • chatComments
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question