Gst registered & turnover < threshold

Registration 206 views 5 replies

Basic question:

I understand that If turnover < threshold 20L annual turnover, no need to register with GST. But I already migrated to GST and turnover far less than threshold. Now -

1) should I add GST to clients and deposit to govt. via GSTR-3B  (even when turnover < 20L)

OR

2) not add GST to clients & file Nil return for GSTR-3B? ( until my turnover reaches 20L)

Please clear this doubt.

Thx

Replies (5)
the first option is what you exactly needs to do......

Thankyou Sir. I am already doing that : monthly GSTR-3B & quarterly GSTR1

Want to register as MSME & switchover to GST composition scheme. 

Am I eligible since -

1) My service is  online advertisement. (Not sale of goods in e-commerce) 

2) Sometimes I advertise for clients in neighbouring states

Thx

 

1) Service Enterprises:

The enterprises engaged in providing or rendering of services are defined in terms of investment in equipment. For service sector, the prescribed investment in equipment for Micro, Small and Medium Enterprises should be less than Rs. 10 lakhs, between Rs. 10 lakhs to Rs. 2 crores and between Rs. 2 crores to Rs. 5 crores respectively.

2) composition scheme for services will be available from fy 2019-20..... upto a turnover of 50 lakhs......
rate will be 6%..
Yes agree partially with Mr Shailendra ..As per Notification 2/2019, CT (R) Taxpayer can opt for composition scheme & can provide services whose turnover is below 50 lac But CANNOT PROVIDE INTERSTATE SUPPLY. Hence you cannot opt for the same as you are providing Interstate supplies

Thankyou Sir


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