Gst registration
This query is : Resolved
ajay rathod
(Querist)
16 July 2017
Under job work in last year our turnover was 18 Lakhs,In current year it is still expected to be below 20Lakhs however if it turns out to be more than 20 Lakhs,suppose 25 lakhs,then I have to pay GST on only 5lakh or whole 25 lakhs?
CA Rashmi Gandhi
(Expert)
16 July 2017
You have to pay tax on turnover from date of getting register in GST.
CA Rashmi Gandhi
(Expert)
16 July 2017
If you register from 1July then on full 25 lakh.
ajay rathod
(Querist)
16 July 2017
Thanks it means it will be preferable if I register after crossing t/o after 20 L , because after that I ll be liable to pay only on only 5 lakhs
CA Rashmi Gandhi
(Expert)
16 July 2017
Yes...........
Message likes :
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Dhirajlal Rambhia
(Expert)
30 October 2021
But that is only in case of first year of registration. From next fiscal, it stars with rupee one supply.
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