We are conducting a chit fund company as on Feb 2019 income will be as follows
1.foreman commission is rs.17,70,000
2.dividend on own chits is rs.1,93,500
3.interest on fdr is 2,10,000
ARE WE REQUIRE TO REGISTER FOR GST IN MARCH 2019?
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limit for registration
Replies (1)
Point number 2 is not taxable under GST...
As per point no 1 and 3 value not exceeding 20lakhs. So, Registration not required as per value of You are in "Other than Specified States".
But, As per Commission Business view Registration is mandatory** under GST.
** Wait on Further replies from Other members...
As per point no 1 and 3 value not exceeding 20lakhs. So, Registration not required as per value of You are in "Other than Specified States".
But, As per Commission Business view Registration is mandatory** under GST.
** Wait on Further replies from Other members...
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