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.

N.S.Venkataraman
Nandini Voice for the Deprived
Chennai
Email:- nsvenkatchennai@gmail.com more  

View all 6 comments Below 6 comments
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 <support@localcirclesmail.com> 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  
Post a Comment

Related Posts

    • Looters being empowered?

      There are only two kinds of really rich Indians. Wealth creators and looters. The Prime Minister declared his respect for wealth creators in his Independence Day speech this year, acknowledging the...

      By Ruchika L Maheshwari
      /
    • GST evasion by traders continues unabated

      See attached this chain called kabliwala in noida sells dry fruits and lots of food items but doesnt give pakka bill with gst number. They have 4 stores computer yet kachha bills. Shame.

      By Sudesh Rai
      /
    • GsTR9

      GsTR9 If a dealer has availed ITC based on physical invoices and same not reflected in GSTR2A for 17-18 financial year how to rectify in GSTR9 now ...My Ans..Nothing to worry just fill all col...

      By Krishna Prasad
      /
    • GsTR9

      If a dealer has availed ITC based on physical invoices and same not reflected in GSTR2A for 17-18 financial year how to rectify in GSTR9 now

      By KAMESWARA RAO MYLAVARAPU
      /
    • Govt considering increasing GST rates

      Because of all the shortfall seems like Govt is considering increasing GST rates. It is looking raising rates on goods and services attracting zero tax to 5 per cent, and to 12 per cent from 5 per ...

      By Naina Mittal
      /
    • GST collections dipping why?

      GST collection was supposed to be 110,000 crore in September. Instead it is at 92000 crores. Indicates slowing economy to me. What do others know, think?

      By Naina Mittal
      /
    • Make gst pct display mandatory for hotel sites

      Travel sites like makemytrip are not mentioning GST rates but only amount in booking processes. GST rates have been reduced on various hotel room categories and if % are shown mandatorily ppl will ...

      By Amod Agarwal
      /
    • Help needed related to closing company having pending GST penalty

      Hi, I am looking advise/suggestion on the following problem. I had started a tech startup 3 years back. I failed to create a sustainable business and now moved back to corporate job. I have filed G...

      By Santosh Shet
      /
    • No GST return no eway bill

      Starting 1st Nov unless returns are filed , e-way bills cannot be generated .Alerts will be sent to non- filers after which they will not be able to generate e-way bills if still returns are not fi...

      By Naina Mittal
      /
    • 22 corrupt officers shown door

      Good work Modiji!! The Centre has once again struck corrupt government officials and this time it has forcefully retired 22 senior officers of the rank of Superintendent. The ...

      By Bharat Lal
      /
    • Role of NSIC

      I wish to know the role of NSIC in providing service to MSMEs. As I have seen the only help it renders is to to issue a certificate that the concerned industry is a small scale one and based on ...

      By Sukumaran Nair
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)