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?
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GST Turnover and liability to collect
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If already registeded under GST, then charge GST on supply of service for the F/Y 2020-21
| Originally posted by : CA Sunil Kumar | ||
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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.
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]
[There is no GST on rent of residential property]
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