one of my client he is an civil engineer.
what about the gross receipt he is receiving.. should I have to receive gst on gross receipt i mean consulting fees and professional receipts?
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gst out put
Replies (4)
your query is not clear , can you explain with eg
on contract work we pay gst on outward supplies..
but what about the gross receipts .. like consulting fees and professional fees... which is indirect income ..
so should I pay gst on it
but what about the gross receipts .. like consulting fees and professional fees... which is indirect income ..
so should I pay gst on it
YES ... its taxable in GST & once you are registered in GST you are Liable to collect & pay GST on Taxable supply
As rightly mentioned. Once registered you have to pay GST on taxable turnover (income)
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