top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration

Facebook Login
Site Registration

What will happen if my business avails exemption, and doesn’t get registered under GST?

+1 vote
29 views
What will happen if my business avails exemption, and doesn’t get registered under GST?
posted Nov 3, 2017 by Vijay

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

You will lose business, as simple as that. Here is why: Your must be working with various vendors, suppliers and customers, and most probably, they are registered under GST. Hence, if they are working with you, but if you are not paying taxes as per GST, then they will have to suffer, and pay additional taxes, on your behalf. This doesn’t work for a long time. Hence, if you are a freelancer and a self-employed personal, and even if your annual revenues is less than Rs 20 lakh, get yourself registered.

answer Nov 6, 2017 by Akriti Sharma
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...