Turnover below threshold limit

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..... Turnover below threshold limit
Query (Issue) Started By: - Sundaraiah kollipara Dated:- 28-4-2020 Last Reply Date:- 29-4-2020 Goods and Services Tax - GST
Got 4 Replies
GST
Assess trading .....

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..... a retail pharmacy store.turnover below threshold limit( 40 lacs).no gst registered.if any officer visit assess store which type accounting data evidence asked. Reply By PAWAN KUMAR: The Reply: Offi .....

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..... cer may ask itr returns, Form 26AS, details of profit and loss and balance sheets as well as copies of sample sale and purchase of invoices. If you are in exclusively engaged supply of goods , thresh .....

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..... olds limit is rs. 40 lakh in any financial year. Reply By Sundaraiah kollipara: The Reply: Which type of accounting books maintained. If assess registered in gst act If assess un registered in gst .....

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..... act. Reply By Ganeshan Kalyani: The Reply: In my view, over the counter nobody will ask for the details. The officer may ask you to come to his office. There he may ask you to submit sales register .....

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..... , bank statement, income tax return etc to figure out the turnover. Reply By KASTURI SETHI: The Reply: I support the views of both experts.
Discussion Forum - Knowledge Sharing .....

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