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I am a beauty parlour dealer with a total income per year less than ₹20 lakhs.Di you pay GST?.Can claim ITC and collect any Output Tax?
Replies (6)
As you said Your turnover Not exceed 20 lacs then gst registration not require mandatory but you can take it voluntary
Have Registration Didbyou Pay GST?Can Claim ITC,and Collect OUTPUT?.
If you have registration, you are liable for collect and pay GST. And also you can take benefit of ITC
As per the relevant provisions of GST, since you have voluntary obtained registration and further has a valid gstin, you have to raise tax invoice and pay gst on outward supply. further, ITC would be allowed on procurement for furtherance of business.
If you have Registration you are liable to collect and pay the GST and also claim ITC as per Applicable Rules.
Question and answer from same person
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