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GST on professional income

15 December 2017

i am working in big CA co. and my income is 24 lac than i am liable to GST number but i got basic exemption of 20 lac or what. and balance amt 4 lac is applicable in gst liability or what.other wise full amt is taxable or what. in service tax basic exemption is10 lac. services tax rule applicable or what..

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12 Replies

Mastan Rao Yarramreddy (11 Points)
Replied 15 December 2017

Entire receipts have to calculate.

1 Like

vikram kerekar (1244 Points)
Replied 15 December 2017

but july to oct how to issue old bill to company.

mahendra sahoo (Gst Practicion) (702 Points)
Replied 15 December 2017

if you raise a single invoice for the whole year of service including before implemention of GST period you can charge GST on whole amount

vikram kerekar (1244 Points)
Replied 15 December 2017

but i have issue singal singal invoice than what

mahendra sahoo (Gst Practicion) (702 Points)
Replied 15 December 2017

whatever Bill issued now it will be charged GST on full Bill value , not any exemption limit here. 20 lakh exemption limit is applicable only for registration purpose

vikram kerekar (1244 Points)
Replied 16 December 2017

but i have allredy issue old bill in july to oct what about that bill? that time my income is 19 lac and this month i have cross 20 lac. than allredy iasue 19 lac bill this is exemption or what. ya i pay only above 20 lac income what can i do..