17 July 2017
I registered in new GST registration as a regular taxpayer. My sale is below 8 lac in a year. But now purchasing and sale parties demand GSTIN NUmber and sale party ask for GSTIN . My client require a tax invoice with CGST n SGST tax bill. So can i issue a tax invoice ? And I have to file return and pay tax monthly wise ? Remember compositions scheme not suit for me because I have to issue a tax invoice to my party.
17 July 2017
If you are registered under GST you have to charge tax on even rs.1 supply and compulsory submit the monthly return. Return is mandatory even you have NIL turnover. there is no threshold (Rs.20 lakh) benefit once you get registered, it is mandatory to charge tax on every supply.
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