Gst on chartered accountants

Accounts 1094 views 3 replies

apurba mukherjee

FCA

27 Points Joined November 2016

CA firm Initially registered under Service tax and migrated into GST. It has gross turnover less than 20 lakhs and has Provisional ID GSTIN. My questions are- 1. Whether Firm is required to maintain GSTIN . 2. If not required how Provisional GSTIN to be surrender. 3. Whether having GSTIN, it may possible to invoice without charging GST to its Client. 4. Running with GSTIN Return to be filled as NIL as before ST. 5. If GST applicable what will be ASC code for different services in the profession and applicable rate. ABOVE five questions are based on the basis THAT FIRM HAS AN EXISTING GSTIN AND GROSS TURNOVER BELOW 20 LAKHS.

Replies (3)

Debashish Sarkar

Commercial Manager

220 Points Joined November 2009

If the firm provisding services Inter state then GSTIN is required to be maintained irrespective of turnover. Hope your rest of the question are answered.

SUPRIYA

PRACTICE

853 Points Joined April 2014

1. If you do not expect the value og aggregate turnover during the year 2017-18 to exceed Rs 20 Lakhs, you can surrender your GST registration ( see rule 17(4) of registration rules.

2. Once you hold GST no you are suppose to issue tax invoice for all your taxable service. so GST must be charged in invoice.

3. Following are some of the SAC for commonly provided servised of CA

Financial consultancy service 997156

Financial auditing service 998221

accounting and bookkeeping service 998222

corporate tax consultation and preparation service 998231

Individual tax consultation and planning service 998232