Earning from billboards
7 months ago
In a cooperative society they are earning Rs 20 lacs per anumum from billboards. Is GST APLICABLE ALSO THE INCOME TAX IS 30% on the income. My question is can we save taxes by investing? Please advice
A.Dear client,
When the aggregate turnover of a Cooperative Societies in a financial year exceeds twenty lakh rupees, such Cooperative Societies become liable for Registration under GST as per Sec 22. (1) of CGST Act.
When the aggregate turnover of a Cooperative Societies in a financial year exceeds twenty lakh rupees, such Cooperative Societies become liable for Registration under GST as per Sec 22. (1) of CGST Act.
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