What GST for business with Rs. 15 lakhs annual turnover
One small time printer based in Chennai who undertakes work for printing books, letter pads etc. has annual turnover of Rs. 15 lakhs.
He is under the impression that he has to pay 18% GST for the printed books and letter pads that he makes on orders. We will be grateful, if we are enlightened as to what should be the GST that he should collect and pay to the government.
Nandini Voice for the Deprived
Email:- email@example.com more
if he want take benefit of itc , then he should take a gst registration and file monthaly gst return , and anually gstr-9 also.
On Sunday, 11 August, 2019, 09:27:01 am IST, N. S. Venkataraman <firstname.lastname@example.org
> wrote: more
If his business is within the state of Tamilnadu and have gross business less than Rs 40 lacs then he do not require compulsory registration under Gst. But can register voluntarily through his PAN NO AND ADDRESS PROOF OF BUSINESS. MAY TAKE help of tax practioner for online registration like filing of income tax return. Benefit is reduction is cost and more business as business house prefer to give order to Gst registered vendor to avoid income tax litigation about disallowance more
Please refer to Chapter VI Registration under THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 NO. 12 OF 2017.
22. (1) Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees:
Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees. more
We most have PAN. Even if, we don't have any taxable earning, we can still file Nil IT-Return, which helps us in various ways. Similarly if any commercial organisation register for GST, he can make purchases using GST number, then in turn can get ITC, which can be reflected in GST return. This helps in forcing his supplier to be GST compliant which helps in country building. Now everybody uses Smart Phones, doing various odds. Similarly filing GST return is not any big thing. Once started online GST return filing, he will be muster in short time. more
This may be searched under the head printing & stationery. However is it not strange to charge GST on negative service e.g. returning cheque foe insufficient balance the bank on whom presented charges Rs500/- & GST 90/-@18% but does not charge any GST when an actual service is delivered i.e when the cheq is passed, where a message of the sort that cheque issued will be passed at 12.30 & if not issued pl contact the branch. more