GST turn over limit
This query is : Resolved
06 January 2023
Dear sir.
One of my friend start small business and Its turnover during 22-23 now around 6 lakhs only. He is not taken GST Registration. I doubt is
1. GST Turn over limit
2. Whether need to File income tax in above case
Please advise
One of my friend start small business and Its turnover during 22-23 now around 6 lakhs only. He is not taken GST Registration. I doubt is
1. GST Turn over limit
2. Whether need to File income tax in above case
Please advise
06 January 2023
1. For goods 40 lakhs, while for services 20 lakhs.
2. Yes, it total taxable income is above basic exemption limit.
2. Yes, it total taxable income is above basic exemption limit.
Message likes :
1 times
07 January 2023
Thanks for the information.
Let's me know basic exemption limit for income tax
Let's me know basic exemption limit for income tax
07 January 2023
For Individuals below age 60 years, its Rs. 2.50 lakhs.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
