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Below turnover 40 lakhs gst payment?

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NAGARAJU THUMMANAPELLI

35 Points Posted on 07 August 2019

Sirs,

My doubt

if the turnover of a small business man not exceeds Rs. 40 lakhs in a financial year.

which type of books he has to maintain?
if he is registered under GST, what to do? (i.e. is he pay the GST or not and what about GST returns)?
if he is not registered under GST what to do ? (i.e is he not to pay any GST and submit GST returns?)

Please clarify my doubts.

Replies (3)

sreekumar

Accountant

29 Points Posted on 07 August 2019

Q1. he has to maintain daybook, ledger, stock register etc..

Shweta Gupta

Assistant Manager

146 Points Posted on 07 August 2019

if he is only engage in selling of goods then there is no requirement of taking registration under GST but for maintenance of books of accounts he has to maintain books of accounts for income tax