Hello,
i am a small time service provider. My yearly turnover is below 20lac. i was in COT before for many years. I changed to VAT during 2014 or so.
But my turn over was very less. I almost have zero sales. i am mainly dealing with JOB work. i just take job orders from customers and complete it.
i don't have inter-state transaction and will not have in the future. When GST registration started, By default i also applied for GST without having full clarity. Later GST exemption limit was announced and i am thinking i should de-register form GST.
Because:
1. My turnover is below 20lac
2. I am not into inter-state sales or service.
3. With GST am been bound to pay service tax from Rs.1. (earlier 10 lac and now 20lac limit)
4. Monthly return filing.
So please provide your suggestion on how to move forward with GST?
Should i be with GST?? Or should i opt-out of it?
How should i carry on invoicing my customer??
CAclubindia
