Question2: We have taken registration under GST for providing rental services to a person situated in another state as interstate services and such services are below Rs. 20 L. Can we surrender our GST registration now'

Answer: As per provisions of Section 24 of CGST Act, 2017 a person making inter-state taxable supply is to be compulsorily registered under GST. However, as Notification No. 10/2017-Integrated Tax dated 13.10.2017 persons making inter-State supplies of taxable services and having an aggregate turnover, to be computed on all India basis, not exceeding an amount of twenty lakh rupees in a financial year are exempted from obtaining registration under the said Act. Accordingly, as you are having turn over less than Rs 20 Lakh you can surrender your registration if you do not wish to remain under GST regime. Please note that if the registration is not surrendered then you have to pay tax and to comply other requirements as applicable (Reply dt. 14/11/2017)