Assess service income from dental clinic around rs: 16 lacs
Assess purchases of medicines and dental materials rs:1,80,000/- used for treatment purposes.
Question:
Assess gst registered manadatory or not manadatory.
Frah Saeed Answered question August 16, 2020
GSt registration would be required as per Sec 22(1) only if the aggregate turnover (taxable + exempt supplies) exceeds Rs 20 lakhs, otherwise not. However in respect of nagaland, tripura, Manipur and Mizoram the turnover limit is rs 10 lakhs. Purchase of goods has no impact on GSt registration except where they are subject to RCM.
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Frah Saeed Answered question August 16, 2020