Gst returns for new registrants

Return 192 views 3 replies

Two queries on GST:

1. For new voluntary registrants - when should they start filing GST returns. a) From the next month of registration (i.e. if they got registered in August, are they liablie to file returns for August as well) or b) from the next month of raising first bill after registration. 

2. There is an exemption for expenses upto 5000 per day for reverse charge. If one is paying commercial rent of 20000 per month. Can he be exempt from reverse charges.

Replies (3)
liable to collect and pay tax from date of registration e.g. got registration on 16th of August Need to collect tax from 16 Aug and need file Aug mo th returns in the month of Sept.
if commercial rent is more than 5k RCM is applicable ..

If I consider monthly rent of 20000. Per day it comes to less than 1000. Will RCM still be applicable


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register