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:- 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

    • Expanding Tax Net - Sweet shops across India

      Most mid sweets/halwai shops of India are top tax evaders. They evade both gst and income tax on 95% of the sale they make. Will the members of this circle tell Government how to get the...

      By Amit Mishra
    • CBI says GST officials taking cuts from transporters

      The Central Bureau of Investigation Monday told a Delhi court that there are various state GST officers who allegedly accept money collected from transporters through middlemen in exchange for not ...

      By Sudesh Rai
    • Rule 36(4) of SGCT Rules 2017

      Can anybody explain Rule 36(4) of the GST Rules 2017 which restricts availment of credit to 120% now revised to 110% that deems credit claimed as inadmissable?

      By Ashish Agarwal
    • ITC denial

      This is internal finance ministry communication. Does this mean ITC is being denied to meet targets?

      By Rohit Jain
    • Abolish Input Tax Credit system

      Heading in Times of India 21 January 2020 “Trading firm director held in ₹10-crore GST scam The Thane wing of the CGST arrested Vinit Agarwal, director of Hemraj Devkarandas Metals ...

    • GST registrations getting cancelled

      Now the non-filing of Goods and Services Tax (GST) returns is leading to attachment of bank accounts or cancellation of registration and many are worried. According to the GST law, it i...

      By Vishal Khanna

      Who can do business as an unregistered dealer under GST. Thanks - Sailesh

    • clarification

      I would like clarification, whether a fund collected annually ,and spent on the benificiaries;which amount to roughly Rs 50 to 60 lakhs for our regular get-togethers be subjected to GST authorities...

      By Vadakke Raman
    • Bribery in GST

      I am getting reports that magnitude of bribery on gst related matters has gone up. The excuse given is “sir risk badh gaya hai” you need to pay more. There are man...

      By RN Chopra

      Can someone please clarify is GST is to be paid by the Property owner for premises given on rent for commercial purpose? If yes, is the owner required to file for GST as regular or Composition deal...

    • GST for aerated/energy drinks

      I recently downloaded the latest price list from Amway's newly launched website and was shocked to see all their energy drinks were charged @ 40% ( price list attached). Could someone please let me...

      By Neeru Sood
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.)