My client a is doing business in proprietorship form . He has 3 business units with annual turnover of 8 lakhs . All the 3 are services namely service of computer, tent house and rent of property. He took gst for computer service as the clients asked for gst Bill . Does he have to pay gst on all the 3 businesses ? Does he have to show all the 3 business income in his annual return ? Trade name of computer service is shown on gst certificate. Please suggest .
Menu
Proprietor with 3 business units
Replies (2)
Does he have to pay gst on all the 3 businesses?
YES; once registered, all the supplies attract GST.
Does he have to show all the 3 business income in his annual return?
YES.
Yes you have to pay GST on all your 3 businesses.
However, note that Letting out of Residential Properties for Residential use is EXEMPTED from GST by virtue of Notification No. 12/2017 - CT ( RATE ) , dated 28.06.2017.
Warm Regards.
However, note that Letting out of Residential Properties for Residential use is EXEMPTED from GST by virtue of Notification No. 12/2017 - CT ( RATE ) , dated 28.06.2017.
Warm Regards.
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
