GST -Applicable

Question

GST ………..My yearly business(Travel Agency) turnover is approximately 3.5 lakhs and profit is below 50 thousand. Am I applicable for GST or not?

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Tax Clinic Question 5 years 1 Answer 357 views 0

Answer ( 1 )

  1. GST applicable when your threshold limit of turnover exceed 20 lacs/-

    Compulsory registration is required  when persons who make taxable supply of goods or services or both on behalf of other taxable persons whether act as an agent or otherwise.

    If you act as an agent then you would be liable to register under GST irrespective of your turnover.

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