M/S X FIRM REG.UNDER GST ACT. TOTAL SALES TUR.5.00 LKS. THIS FIRM COLLECTED FOR GST ? OR COMPUNEDING TAX COLL? HOW FILING METOD?
M/S X FIRM REG.UNDER GST ACT. TOTAL SALES TUR.5.00 LKS. THIS FIRM COLLECTED FOR GST ? OR COMPUNEDING TAX COLL? HOW FILING METOD?
It is voluntatory decision whether to take gst registration or not if TO below 5L
If u registered under gst even though ur TO below 5L, u have to collect taxes and deposit with the government.
U have to file 3 returns every month
For more Info go through the below link
https://www.zeebiz.com/india/news-should-you-voluntarily-register-for-gst-16036
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