GST on Advocate service to new company
This query is : Resolved
02 November 2019
Entry No. 45 of Notification No. 12/2017 – Central Tax (Rate) dated 28th June, 2017 exempt services provided by: –
a) A senior advocate by way of legal servicesto any person other than business entity or a business entity with an aggregate turnover upto Rs. 20 Lakhs in the preceding FY.
b) A firm of advocates or an individual advocate other than a senior advocate,by way of legal services to an advocate or firm of advocates, other than business entity or a business entity with an aggregate turnover upto Rs. 20 Lakhs in the preceding FY.
1) It means a company newly registered in current year or having less turnover in previous year will enjoy this exemption irrespective his current year turnover?
2) If that company is not exceeded limit of Rs. 20L in the current year also, whether he need to take registration under section 24 or not?
a) A senior advocate by way of legal servicesto any person other than business entity or a business entity with an aggregate turnover upto Rs. 20 Lakhs in the preceding FY.
b) A firm of advocates or an individual advocate other than a senior advocate,by way of legal services to an advocate or firm of advocates, other than business entity or a business entity with an aggregate turnover upto Rs. 20 Lakhs in the preceding FY.
1) It means a company newly registered in current year or having less turnover in previous year will enjoy this exemption irrespective his current year turnover?
2) If that company is not exceeded limit of Rs. 20L in the current year also, whether he need to take registration under section 24 or not?
02 November 2019
Registration requirement & Exemptions under section 45 are two different aspects .
Businesses dealing with goods and whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register under GST . For business dealing with services , limit is 20 lakhs
In case your turnover is less than prescribed limit in current year , no need to take registration .
Businesses dealing with goods and whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register under GST . For business dealing with services , limit is 20 lakhs
In case your turnover is less than prescribed limit in current year , no need to take registration .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Annual return of gst limit
- Query regarding TDS on EPFO Higher Pension Arrears*
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
