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GST Turnover and liability to collect

Venkatramana Shastry C (Student CA Final ) (90 Points)

10 October 2020

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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4 Replies

CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 10 October 2020

If already registeded under GST, then charge GST on supply of service for the F/Y 2020-21

Venkatramana Shastry C (Student CA Final ) (90 Points)
Replied 10 October 2020

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...!?

CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 10 October 2020

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.