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Girish Krishnani

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Posted : 11 months ago

I have small business of labour/job work, my yearly turn over is less than 20 lac But now party is saying that you must get GST number or else we would not give your labour work. Should I get GST number even though turn over less than 20 lac.
#All-About-GST

I have small business of labour/job work, my yearly turn over is less than 20 lac But now party is saying that you must get GST number or else we would not give your labour work. Should I get GST number even though turn over less than 20 lac. #All-About-GST
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NN

Narasaiah-Narra If TO is less than 20 Lacs,GST regn is not required. But the service recipient is required to pay GST as purchases from unregistered dealers. this would increase their compliances. hence, they are insisting you to get the GSTIN.As your party will reimburse the GST to you , no extra cash outflow from your pocket.but you have to file monthly returns etc .

#All-About-GST

If TO is less than 20 Lacs,GST regn is not required. But the service recipient is required to pay GST as purchases from unregistered dealers. this would increase their compliances. hence, they are insisting you to get the GSTIN.As your party will reimburse the GST to you , no extra cash outflow from your pocket.but you have to file monthly returns etc . #All-About-GST
11 months ago 
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