Sarika (Others) (64 Points)
14 September 2017I am running a very small IT company as proprietor.
Total turnover is less then 10 lakh.
Currently I have only 1 current account. I don't have an any other document of my firm like VAT number, registered document etc.
Do I need to get GST number or I can raise Invoice without GST number.
Please advice.
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 14 September 2017
venkateswararao
(paid assistant)
(132 Points)
Replied 14 September 2017
Ajay Kumar
(Account Supervisor)
(129 Points)
Replied 14 September 2017
SUMITMAURYA
(PROPRIETOR)
(27 Points)
Replied 15 September 2017
Shameem
(Job)
(242 Points)
Replied 15 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 September 2017
Sarika
(Others)
(64 Points)
Replied 15 September 2017
I am developing software/wesites for my end customers they can be any like a Manufacturar, Dealers, Shopkeepers, Scholls, Hotels, etc . They are based on multiple Indian states and outsite from INDIA.
Shameem
(Job)
(242 Points)
Replied 15 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 September 2017
Sarika
(Others)
(64 Points)
Replied 15 September 2017
Technically its making bad effect on my business.. for example.. I raise invoice for Rs.100 to U.S …
Till now, there was no TAX applied…but with GST I need to add 18% so this makes Invoice amount 100 + 18 = 118/-
Now my clients are not ready to pay additional taxes specially outside from India. So if I still raise invoice for Rs.100/- then it should be like 84.8 + 15.26 (tax) = 100.06/-
And this way its making my profit lesser…
venkateswararao
(paid assistant)
(132 Points)
Replied 15 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 September 2017
venkateswararao
(paid assistant)
(132 Points)
Replied 15 September 2017
CAclubindia
