If any Service provider crosses Rs. 20 lakhs turnover limit in the Financial Year, then, whether he is liable to pay GST on the turnover over and above 20 lakhs or on the entire turnover?
Please also mention legal provisions in support of your reply.
Thank you.
GST Forum Debates Tax Liability: Entire Turnover vs. Excess Over Rs. 20 Lakhs Under Section 22 of CGST Act A discussion on a GST forum addresses whether a service provider exceeding a turnover of Rs. 20 lakhs in a financial year is liable to pay GST on the entire turnover or only on the amount exceeding Rs. 20 lakhs. Participants refer to Section 22 of the CGST Act, which mandates registration and tax payment on turnover exceeding the threshold. Opinions vary, with some suggesting tax is due only on the excess amount, while others argue for tax on the entire amount if a single invoice surpasses the limit. The debate highlights differing interpretations and the need for practical solutions. (AI Summary)
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