While finalizing the books of accounts of my client, I came to know that the turnover has exceeded Rs. 20 Lakhs (sale of services only) and he/she has not registered under GST till date.
What will be the appropriate action to be taken?
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GST Registration Threshold Query
Replies (3)
To immediately register under GST. Pay tax with interest. Penalty would also apply.
Take registration immediately. Will have to pay tax on amount exceeding 20 lakhs along with interest.
You will aslo not be able to revise your invoice since I presume applicable time has also lapsed
Take registration immediately. Will have to pay tax on amount exceeding 20 lakhs along with interest.
You will aslo not be able to revise your invoice since I presume applicable time has also lapsed
You will aslo not be able to revise your invoice since I presume applicable time has also lapsed
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