MADHUMITA GHOSH (1 Points)
18 April 2019
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 18 April 2019
Akash Mhatre
(Learner)
(312 Points)
Replied 19 April 2019
Yes, you have to charge GST and pay it to government, at the same time you can claim its ITC.
C.L. RAVIKUMAR
(GST / Vat Practitioner & book keeping)
(209 Points)
Replied 20 April 2019
CA. Punith Harish
(PRACTICING CHARTERED ACCOUNTANT)
(445 Points)
Replied 20 April 2019
20 lakh turnover limit is to take the registration, once you obtain the registration you need to pay the GST even if your turnover is less than 20 lakh in a FY, its not like a service tax.
If your turnover will not 20 lakh in FY you can apply for cancellation of GST registration, once your registration is cancelled then you are not required to pay GST.
Bharat
(CA FINAL STUDENT)
(80 Points)
Replied 22 April 2019
If you have registered under GST then you need to pay gst irrespective of your turnover figure..
CAclubindia
