Collecting gst -where the threshold limit is not crossed

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ACA ACS DISA(ICAI)
359 Points Posted on 17 July 2017

Dear All

Can u clarify whether do we have to raise Taxable invoice after registering for GST.

The company is a start up - not acheived the turnover limit of 20 lakhs.

After registering, do we have to collect the GST compulsorily or can we wait till the turnover crosses 20 lakhs

 

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On 17 July 2017 at 17:12 Report
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Team GST Experts
1926 Points Posted on 17 July 2017

gst collection & generation of tax invoice is compulsory after gst registration even done upon voluntary basis

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On 17 July 2017 at 17:14
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64 Points Posted on 17 July 2017
you have to raise a taxble invoice due to you register under GST , if you are register under composition scheme taxble invoice is not applicable
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On 17 July 2017 at 17:30
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7 Points Posted on 17 July 2017
First pls clarify r u in composition levy ?? I'd yes u cannot collect tax.

if a normal GST dealer the day ur aggregate TO reaches threshold limit u need to raise nd collect taxes.


Arun
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On 17 July 2017 at 17:52

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