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Who is the authority to decide my turnover comes under GST list
12-Jul-2023 (In GST Law)
Iam from a small city of u.p named Fatehpur.Recently 2month ago i have started a retail cloth store.please tell me,am i require to register under gst? who will decide that my turnover is less than 20lakh ?
There is no authority required. Your books of accounts (which obviously will be prepared by your accountant) will state that whetger your turnover is less than 20 lakh or not. Further, if it is more than 20 then yes you need to get registered under GST.
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Adv. Varnica Nigam
Ghaziabad | 25+ Answers
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SIR,
IT IS SEEN BY YOU WHETHER YOUR SALES AS WELL SALES POSITION
IF YOUR SALES IS ABOVE FROM 20 LACS YOU ARE UNDER THERSHHOLD LIMIT OF GST. YOUR WORK OF CLOTH IS NOW COMES UNDER GST TAXABLE GOODS. HENCE YOU SHOULD BE REGISTERED
IT IS SEEN BY YOU WHETHER YOUR SALES AS WELL SALES POSITION
IF YOUR SALES IS ABOVE FROM 20 LACS YOU ARE UNDER THERSHHOLD LIMIT OF GST. YOUR WORK OF CLOTH IS NOW COMES UNDER GST TAXABLE GOODS. HENCE YOU SHOULD BE REGISTERED
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Adv. Rajeev Kumar Agarwal
Bareilly | 25+ Answers
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You require registration under GST if your turnover is more than 20 lacks per annum. Your balance sheet of the firm will show your turnover. Please take a help of an accountant or a chartered accountant to prepare balance sheet of the firm.
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Adv. Rajiv Jindal
Ghaziabad | 25+ Answers
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