Dsobt

Indirect Taxation

anyway gst is collected from ultimate consumer then why there sis threshold limit for busnnessman

Chandramouli A

CA Inter

★ 720

12-Jun-21 19:30

676

Answers (2)

Threshold for supplier to register under gst to collect tax from recipient .

Aswini Gorige

CA Inter

★ 7K+

12-Jun-21 19:38

Obviously In some cases Consumers pay tax the reason why they register is to claim input tax credit ... Ex: Mr.Ashok an unregistered trader in Smartphones and whose Turnover is around 5-7L on average every year ...one day u crossed the threshold limit either 10L/ 20L/40L it depends state wise ...from the day u crossed the limit ur liable to register within 30 days and can start claiming ur input tax credit Sad part is unregistered person can't do it

Deepak Raja

CA Final

★ 1K+

12-Jun-21 22:00

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

Dsobt

Your Reply

Company

Information

Offerings