I was registered in VAT. So I did a migration under GST when it was open. But my Turnover is less than Rs. 20 Lakhs. What should i do? Should i get my GST number printed on my Invoice? Will i have to collect GST and deposit? Will I have to file my returns?
Please Help.
If the Business is done within the state border then GST is not required for those who does'nt cross 20 lakhs mark.
I have done my Provisional registration. What should i do next? Should i get my GST number printed on my Invoice? Will i have to collect GST and deposit? Will I have to file my returns?
If your business is totally within the State border and does'nt cross 20 Lakhs then you can get it cancelled and you can get it registered if you cross the point in future.
You can have voluntary registration. file returns and make payment.
Most of the companies prefer to have registered vendors
Once registered you are entitled to collect and pay the same and also entitled for the Tax Input on the purchase in name of the Business.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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