Gst for service provider

121 views 2 replies

Bhaskar

Accounts Executive

91 Points Joined June 2011

Dear Experts,

One of my friend need to open the company for service providing located in Odisha, kindly advise for the following points.

1) Turnover will be around 15 to 20 Lakhs - need to register GST ???

2) If not register need to pay GST ??

3) If vendor ( for raw material ) charged gst, we can eligible to take ITC ??? with non register case.

4) If we take ITC and we can able to refund the amount because if i am not charged the out put gst.

Kindly advise for the above mentioned points.

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208970 Points Joined July 2016

1. No. Unless likely to exceed 20 lakhs or volantary registration...

2. No need to collect GST...

3. Can't avail ITC

4. No question of ITC claiming or refunding......

1.In first case if your turnover is less than 20lakhs then no need to register, if your T/O exceed 20 lacs than it shall apply for registration within 1 months from when T/O crossed 20lacs. 2.If you are unregister then no need to pay gst but threshold limit is 20lacs. 3.if your is vendor charged gst you are not registered, then you not eligible for take ITC.. 4.IN THIS SITUATION U CAN'T TAKE ITC.