SSG (1936 Points)
08 August 2018Cash Deposits exceeds Rs. 20 lacs in 2017-18 in the current bank account. The assessee is actually doing taxable business but hasn't taken GST no.?
What incomes are not covered under GST? For what business, receipts exceeding Rs. 20 lacs, GST is not required? What business we can show in his Income Tax Return, so that it doesn't call for any query from the ITD?
Sarath Rajendran
(Nil)
(2791 Points)
Replied 08 August 2018
Please read this https://timesofindia.indiatimes.com/business/faqs/gst-faqs/list-of-items-exempted-under-gst/articleshow/60191945.cms
If your income ( Bank credit over 20 lakhs in Current account you must take GST and file returns ) if you dealing goods in the above mentioned link you no need take GST)
Pure labour contract also exempted from GST
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 August 2018
SSG
(1936 Points)
Replied 08 August 2018
The actual business is - sale of machinery parts, taxable under GST, though the assessee doesn't have GST No.
CAclubindia
