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Is GST mandatory for an IT company with turnover less than 10 lakhs?
Is GST mandatory for an IT company with turnover less than 10 lakhs?
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 07,2021What are the documents required for GST registration ? Do we need to pay any fees? Is yes, how much? Within how much days we can get the GST certificate? Do we required to get help from any CA for GST Registration ?
You need copies of PAN, adhar, rent agreement, building tax challlan, bank account details for Registering with GSTN. Since ...
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2098
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MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022What are the documents required for GST registration ? Do we need to pay any fees? Is yes, how much? Within how much days we can get the GST certificate? Do we required to get help from any CA for GST Registration ?
You need copies of the person on whose name you are going to start the business PAN, adhar, rent ...
3
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1399
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Filing of GST is mandatory. If you fail to file it will create huge liability in the form of ...
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1007
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MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Yes filing of GST is mandatory. As if in starting stage business is low you can file nil return ...
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472
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 09,2021Is GST registration required. If somebody wants to sell his product from home and there is no company ?
If your turnover about to exceed 40 lakhs in a Financial year, GST registration is compulsory; Only turnover in ...
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 13,2021If I am using an app like 'Dukaan' for my Minimart (For creating catalog and getting orders). But my sale is less than 20 lakh, Do I still need the GST Number?
Not necessary.
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516
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021I applied for cancellation of my GST registration number one year ago, but I want it back. Is this possible to activate GST again or should I apply for new GST registration?
If the registration is already cancelled, you have to apply afresh.
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194
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on April 11,2021Is gst filing mandatory every month? If I want to file it annually, Is it possible?
You can't file GST returns annually. Have to file monthly/quarterly depending on your registration.
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 11,2021Is it possible to get GST registration to one of the businesses of a company, so that transactions in other businesses do not require GST filing?
Not possible. If you are doing multiple business under a Company, and you got GST Registration, all business will ...
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on April 19,2021If a company is running under loss, will it still have to pay GST?
Yes. GST is indirect tax. You have to pay whether or not your are in profit.
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021I got my GST certificate online recently. After five days, I got a call from GST inspector and as per him I need to submit hard copies of documents immediately otherwise he will cancel my GST. Is it correct?
Nowadays GST dept is verifying the newly registered persons data to assure these are genuine persons. You can submit ...
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on April 19,2021Is GST compulsory to open an Instagram shop?
If your turnover is less than 40 lakhs in a years, GST is not compulsory
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Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 13,2021Is GST registration mandatory for MSME?
Not mandatory. If your turnover in goods is above 40 lakhs and in service above 20 lakhs, then it ...
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