Is filing for return for GST mandatory? Is filing for return for GST different from ITR? Is it that both GST return and Income tax return have ti be filed for an individual?
GST return and ITR return
Replies (2)
Quick Summary
If turnover exceeds 20 lacs (10lacs in special states except HP assam and jk) in gst then u have to register under gst ...unless u work fully in cash 😆
and fir income tax it is mandatory of ur income ie....turnover minus expenses increase rupees 250000 for individual
yes.....both are mandatory of above the limits crossed
and fir income tax it is mandatory of ur income ie....turnover minus expenses increase rupees 250000 for individual
yes.....both are mandatory of above the limits crossed
Durgesh
What do you mean by fully operating in cash? The income comes from an organization where the individual provides services. Is it normally people takes this high valued income completely in cash in the financial year?
Tax Jankari
Please reply in English.
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