Hi,
One of our Friend is doing service business ( Car Turbo Servicing). His monthly earnings will be 50 to 60 thousand and 6 to 7.20 lacs per annum. He is issuing a normal bill for the service paid by the customer, now a days the customers are asking GST bill .
Kindly provide me details.
1. Whether he have to Register for GST?
2. As his turnover is near to 10 lacs per annum how can this can be resolved ?
request suggestions
Dear Loganathan,
The threshold limit under GST for services in Rs. 20 lakh. Therefore, he need not register as yet.
The 40 lakh limit is eligible only for goods, and not services. And it is not yet effective. (Proposed to be from 1st April 2019 - thru notification)
Dear Mr.Akshay,
Thanks for your immediate response and information.
Dear Mr.Vinod,
If GST voluntarily taken?, whether you have to file the Monthly NIL return or no need to file the return?
| Originally posted by : Loganathan.M | ||
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Dear Mr.Vinod, If GST voluntarily taken?, whether you have to file the Monthly NIL return or no need to file the return? |
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Returns to be filed as per requirement even if NIL. (NIL returns in GST means NIL taxes).
Outward exempt & Non-GST supplies (if any) to be filled in GSTR 3B
Exempt & Non-GST Inward supplies (if any) to be shown in GSTR 3B
Documents details still require to be filled in GSTR 1. (Outward + Delivery Challans + Inward RCM)
Ensure Registration is accurate, and all provisions under GST are complied with, if not a general penalty under Sec 125 may be applicable. (Rs. 50,000).
Therefore, where not required suggested not to register voluntarily under GST, unless it is a business requirement.
Dear Mr.Akshay,
You have provided a very clear information ....thanks a lot.
What is your state Sir , because presently some state having limit of Rs 10 lacs .
Dear Prasad,
Tamilnadu State
CAclubindia
