Turnover
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2017
Dear Sir,
Suppose my annual turnover is 15 lacs and I obtained GST registration voluntarily. Then I have to pay GST from my first bill or my liability would arise after crossing limit of 20 lacs?
Please clarify
Suppose my annual turnover is 15 lacs and I obtained GST registration voluntarily. Then I have to pay GST from my first bill or my liability would arise after crossing limit of 20 lacs?
Please clarify
24 July 2017
Suppose you take registration when your annual turnover is 15 lakhs. In that case you need not to wait to cross 20 lakhs. You are supposed to charge GST from that particular invoice when you got GST registration.
24 July 2017
Charge from your first bill after you received your GST Number.
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