Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

GST reg.

26 June 2017

sir, I am mutual fund advisor the fund co demand GST no my commission below 20 lac if i take GST reg. can I liability GST paid

Reply
Follow
Share

4 Replies

CA Shail Thakkar (Chartered Accountant) (473 Points)
Replied 26 June 2017

Yes, once registration is take then you are liable to pay gst even if ur turnover is below 20 lacs.....

Upgrade to CAclubindia Pro. Subscribe Now!

Ramsahai Kumawat (6 Points)
Replied 26 June 2017

thanks

Aman Rekhi (prop) (25 Points)
Replied 26 June 2017

Sir the company must be outside your state thats the reason they are asking you for your registration since it would be inter state supply
you will have to register yourself compulsorily
further , the company has to pay the Gst On your commission you just have to pay the same to the government .... no harm take the registration ... just return compliance

Dev Patel (Student CA Final ) (513 Points)
Replied 26 June 2017

if you are deal outside state also then its treat as inter state supply , in that case turnover limit does'nt matter and you have to required the GST Registration from the starting.