Assess trading of goods sales turnover amount rs : 42 lacs in f.y.2019-2020 sec 44ad provision I.t. return filed.but dealer not gst registered.
question:
1.dealer gst registered compulsory
2.if compulsory at present new gst composite or regular scheme registered applied new gst number received after previous sale turnover Rs:42 lacs 19-20 and April to August,2020 sales turnover first return filed time show in gst returns compulsory or not.
Menu
Gst registered required
Replies (2)
Quick Summary
GST registration is compulsory if sales above 40 lakhs in a financial year.
If your aggregate turnover in 19-20 is exceeding Rs.40 lakhs then you may get notice from the department to pay tax along with interest on Rs.2 lakhs for F.Y 2019-20 and if your are still unregistered than also liable to pay tax for sale done up to date i.e in F.Y 2020-21 along with interest.
Recent Topics :
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
Related Topics :
CAclubindia
