Turnover Below 40 Lacs

watch_later 8 months ago

A person running is a small kirana stores trading  of  taxable and exempted goods  sales turnover  upto 20 lacs September,2019.( April to September,2019)

Which type of maintained account books

1. If  A person registered in gst act

2. If a person not registered in gst act.

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1 Answer

Suresh Paramasivam watch_later 7 months, 2 weeks ago


Case No.1. If  A person registered in gst act

If person register GST after getting sales upto 20 lacs in Sep 2019. Then Once register in GST he needs to maintained the following :

1. Sales Books

2. Purchase Books

3. Expenses

4. GST Filling - GSTR 3 B & GSTR 1.

Case No.2. If  A person not registered in gst act after 20 lacs in Sep 2019 but below 40 lacs in Mar 2020.

Then books of accounts is not required at all.

Thanks and Regards



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