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business related query
if any business turnover is between 20-25 lac,then he is paid tax on 5 lac?
Replies (2)
No. if total turnover crosses over Rs. 20 Lakhs then you are liable to get registered either as a normal person or as a composition person. If you are dealing in providing service except Restaurant business then you cannot opt for registration under composition scheme.
once you are registered you are liable to pay GST on your entire taxable outward supplies.
once you are registered you are liable to pay GST on your entire taxable outward supplies.
YES , GST PAYBLE ON FULLY RECEIT,
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