I am running a coaching institute for class 11 and 12 students. The fees charged from students exceeds te limit of Rs. 20lacs in this FY 2019-20. Am I supposed to take GST registration ?? Is yes, then is there any way out if I don't want to take the registration ??
And whether I am liable to get my books audited under sec 44AD ?
1.Gst is applicable on private coaching classes, you should get registered.
2.No way
3. if u r showing profit below 8% as specified then u are liable for getting audited otherwise u don't need to get audited.
CAclubindia
