Dear Experts,
Good Afternoon !!!
One of my client who is registered under GST, has Service Income (i.e; Rental Income) Rs. 14,86,000 per annum. And threshold limit under GST, Rs, 20 lakhs. He has collected GST amount for the month of july. Now my question is, whether my client should required to collect & pay GST ?? what are the consequences, If he will not collect and pay GST amount from the next month onwards ??
Thanks in Advance :)
Thank you sir ji :)
| Originally posted by : Prathyusha reddy | ||
 |
Dear Experts, Good Afternoon !!! One of my client who is registered under GST, has Service Income (i.e; Rental Income) Rs. 14,86,000 per annum. And threshold limit under GST, Rs, 20 lakhs. He has collected GST amount for the month of july. Now my question is, whether my client should required to collect & pay GST ?? what are the consequences, If he will not collect and pay GST amount from the next month onwards ?? Thanks in Advance :) |
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As he is registered person under GST, He should collect tax and pay the tax.
If he is a regular registered person under GST, he has to file GSTR 3B on or before 20th August 2017
Good Afternoon !
My one more doubt is, In the case of this rental income whether GSTR-1 also mandatory to file ??
Thanks in Advance :)
Yes if he is a regular regisrered person under GST
Thank you Satish Reddy :)
| Originally posted by : Prathyusha reddy | ||
|
Thank you Satish Reddy :) | |
My Pleasure:)
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