Applicable for gst

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2 Points Posted on 23 March 2020
i have gst no. but my turnover is below 20 lakhs. And i am paying hst at 5%.
do i have to pay further?
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On 23 March 2020 at 15:01 Report
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Quick Summary
Even if your business turnover is below the 20 lakh threshold for GST registration, you are still liable to pay and collect GST if you are registered. The turnover limit does not exempt you from tax liability. You must charge and collect GST based on the HSN code of your goods or services, as applicable, once you have obtained your GST registration.

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Chartered Accountant
12739 Points Posted on 23 March 2020

20 lacs is threshold for the liable to register under GST 

NOT for the tax liability  

 

Conclusion : YES you have to pay taxes and file return 

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On 23 March 2020 at 20:23
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GST Practitioner
55067 Points Posted on 23 March 2020
The Tax Rate is not applicable as per Turnover of Taxpayer .
So charge & collect GST as per HSN of Goods or services as applicable.

Once you got Registration you are liable charge & collect GST
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On 23 March 2020 at 22:48

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