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gst tax liability
I received sum of rs 23 lakhs.. As a service payment.. But at that time i was not registered in gst.. After 2 months i got registered into gst.. What is my tax liability.. Is this is on 23 lakhs.. Or 23 lakhs minus 20 lakh (gst exemption limit)
Replies (3)
20 lakhs is the threshold limit for registration no such tax exemption limit regarding the same is provided in gst laws.
| Originally posted by : Shanky Satija | ||
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I received sum of rs 23 lakhs.. As a service payment.. But at that time i was not registered in gst.. After 2 months i got registered into gst.. What is my tax liability.. Is this is on 23 lakhs.. Or 23 lakhs minus 20 lakh (gst exemption limit) |  |
GST Tax Liability arise on whole Amt I.e. Rs.23 Lacs
Yes gst amount arises for whole amount
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