Gst collection

Others 304 views 4 replies

PALANIAPPAN

CHARTERED ACCOUNTANT

39 Points Posted on 30 July 2017

i Ihave regitered my name under GST and got the registration Number.My Turnover( Service - Chartered accountant) will be less than Rs. 20.00 lakhs only. My previous year turnover also was less that Rs. 10.00 lakhs.But for safer side I ahve regitered my name under GST.

Now whether I have collect GST for my profssionla fees

or can I raise the bill with out charging GST.

Is it obligatory to file monthly or annual return?

Suppose if I send my Professional Bill to my clients who are registered under GST and collecting and paying GST..

In that case any reverse charge mechanisam (RCM) will be applicable for my clients.

Kindly clarify

C.A.K.PALANIAPPAN

Replies (4)

sunil kumar sharma

jr accountant

708 Points Posted on 30 July 2017

no raise of any tax able bill without gst
monthly return you are file
if your client purchase un ragistared person any tax able item above 5000/- then liable rcm

SANDEEP JAIN

Tax Consultant

487 Points Posted on 30 July 2017

no RCM on any service except specified one under Section 9(3) of CGST Act’2017 says: The Government may, on the recommendations of the Council, by
notification, *specify categories* of supply of goods or services or both, the tax on which shall be paid on reverse
charge basis by the recipient of such goods or services or both and all the provisions of this Act shall apply to such
recipient as if he is the person liable for paying the tax in relation to the supply of such goods or services or both

sunil kumar sharma

jr accountant

708 Points Posted on 30 July 2017

SANDEEP
what about purchase from un ragistared dealer above 5000/-

Sandeep Upadhyay

1518 Points Posted on 30 July 2017

@ PALANIAPPAN

If you are register return filing is mandatory

IF Registered service recipient purchase from unregistered above rs 5000 in a single day from one or many then liable to payGST under RCM and claim ITC

Also if you raise invoice liable to charge GST and claim ITC if recipient is register