Question 18: Whether we should get registration or not'

Answer: According to section 23 (1)(a) if you are engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Act or under the Integrated Goods and Services Tax Act then not liable for registration. Otherwise as per section 22 you are required to registration if your " aggregate turnover" exceeds Rs. 20 lakh in a financial year. Section 2(6) defines "aggregate turnover' which means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess. .(REPLY dt. 29/1/2018)