Accounts keeping

118 views 2 replies
User Avatar

105 Points Joined April 2020
Is it necessary to keep accounts, if a business is not registered under gst(Under 20k turnover)
0 Reply Share Follow
On 03 July 2020 at 13:01 Report
Replies (2)
User Avatar

3924 Points Joined December 2017
As per GST act if you are registered then you have to maintain books of accounts , however as per the Income Tax law if your profit margin is more than 2,50,000/- ( Two lac fifty thousand ) then you have to maintain books of accounts
1 Reply
On 03 July 2020 at 13:26
User Avatar

4215 Points Joined February 2018
Even your turnover will be less than limit you may maintain the necessary documents
1 Reply
On 05 July 2020 at 13:43


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading