Gst registered but turnover less then 20 lacs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2018 My client is a private limited company, it has registered GST number, however the turnover last year did not cross Rs.20 lacs, so they did not raise bills with GST. Are they required to raise bills with GST and deposit GST.

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

21 May 2018 Not required to charge and pay GST upto the turnover of 20 lakhs.

Nikhil Kaushik online

Nikhil Kaushik online

(Expert)
Follow

21 May 2018 but you still got to file the returns. So better surrender the GST.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

21 May 2018 Once you are registered and supplying taxable goods or services or both, you have to charge tax in invoice regardless of your turnover.

If your turnover is below 20 lakhs you are exempted from registration but as soon as you take the registration you have to charge tax in invoice.