GST REGARDING
This query is : Resolved
Sayee Khumar
(Querist)
23 August 2020
DEAR SIR
I HAVE DONE PROFESSIONAL CHARGES UP TO AUGT 20 RS.790000/= WITHOUT GST SINCE IT IS
UNDER EXEMPTION LIMIT. DURING SEPT I MAY GET COMMISSION OF RS 5000000/= NET
MY QUERY IS HOW THE GST APPLICABLE TO ME.
IF GST APPLICABLE WHAT HAPPENED TO THE EARLIER TURNOVER OF R. 790000/=
FOR THE COMMISSION OF RS. 5000000/= HOW CAN I RAISE MY SERVICE BILL.
WHETHER INCLUSIVE OF TAX OR EXCLUDING TAX i.e. 5000000/= plus gst 18%
SHALL I RAISE 790000/= WITH GST FOR MY CLIENTS IN CURRENT DATE SO THAT MY
CLIENTS GET CAN ITC. IN THAT SHALL I REVERSE THE PREVIOUS TURNOVER 790000/=
OR I HAVE TO PAY GST IN B2C TILL AUGT 2020.
IF I WANT TO PAY SOME COMMISSION WHETHER TDS AS PER IT ACT TO BE DEDCUTED.
KINDLY CLARIFY THE ABOVE POINTS
WITH REGARDS
SAYEEKHUMAR
8428373731
23.08.2020
I HAVE DONE PROFESSIONAL CHARGES UP TO AUGT 20 RS.790000/= WITHOUT GST SINCE IT IS
UNDER EXEMPTION LIMIT. DURING SEPT I MAY GET COMMISSION OF RS 5000000/= NET
MY QUERY IS HOW THE GST APPLICABLE TO ME.
IF GST APPLICABLE WHAT HAPPENED TO THE EARLIER TURNOVER OF R. 790000/=
FOR THE COMMISSION OF RS. 5000000/= HOW CAN I RAISE MY SERVICE BILL.
WHETHER INCLUSIVE OF TAX OR EXCLUDING TAX i.e. 5000000/= plus gst 18%
SHALL I RAISE 790000/= WITH GST FOR MY CLIENTS IN CURRENT DATE SO THAT MY
CLIENTS GET CAN ITC. IN THAT SHALL I REVERSE THE PREVIOUS TURNOVER 790000/=
OR I HAVE TO PAY GST IN B2C TILL AUGT 2020.
IF I WANT TO PAY SOME COMMISSION WHETHER TDS AS PER IT ACT TO BE DEDCUTED.
KINDLY CLARIFY THE ABOVE POINTS
WITH REGARDS
SAYEEKHUMAR
8428373731
23.08.2020
Lekhraj sood
(Expert)
24 August 2020
Your liability to pay tax wil arise when you cross the exemption limit.Hence, you dont need to pay GST on Rs.7,90,000/- but have to pay on Rs. 50 lakhs after you obtain registration.
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