One of my friend has started up new busniess. For the purpose of loan he has opted for regular GST registration. He got registration on june 2018.
Doubts:
1. Next year if his turnover does not cross 20 lakhs can he withdraw from registration? Even if he started his business this year June 2018 and till march 2018 he may not earn 20 lakhs.
2. He has started up optical show room and he give medical service as eye test. Do he needs to pay firm profession tax?
3. Can he opt for quarterly return of the GST for this year? What is the criteria for quarterly return? Who can opt for quarterly return of GST?
4. He has inter state purchase and his turnover less than 20 Lakhs in this case does he need to register for GST?
CAclubindia
