Aggregate turnover
This query is : Resolved
Kavi Arasu
(Querist)
11 April 2017
Sir We have service income, but the service turnover is less than Rs. 10 lakhs we are not liable to Service Tax. But we have sales turnover of more than twenty lakhs and we are paying sales tax and filing return for the same. If GST will be implemented from July 17. Will we liable to pay GST on service income whatever the income may be?
CA. Vinodh Kothari
(Expert)
11 April 2017
Once GST is implemented you will be liable to GST on both Supply of Goods (Sales) and Service. There is no separate exemption.
VK
VK
Rajesh Kumar
(Expert)
12 April 2017
Yes. If your aggregate turnover of all supplies including goods and services are more than 20 lakhs, you are required to pay GST on all supplies.
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