banner_ad

GST Turnover and liability to collect

Others 281 views 4 replies

My client's total turnover in F.Y 2019-20 is more than 20 lakhs and For the year 2020-21 it will be less than 20 lakhs. So, should he charge GST from 2021 April onwards on his supply of service.i.e, Rent from building?

Replies (4)
If already registeded under GST, then charge GST on supply of service for the F/Y 2020-21
Originally posted by : CA Sunil Kumar
If already registeded under GST, then charge GST on supply of service for the F/Y 2020-21

Sir, my query is regarding charging of GST for 2021-22.i.e from April 2021 onwards...!?

There are two option from Apr 2021
1. Cancel GST registration as turnover is less than 20 lakh.
2. Pay GST as registered person with less than 20 lakh turnover are liable to charge GST and pay it to the govt.
If you have a GST registration, than you have to charge GST irrespective of amount / total receipt.
[There is no GST on rent of residential property]


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details