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I was not aware that the aggregate turnover sho...

I was not aware that the aggregate turnover should be considered before collecting GST, I thought I could collect GST from the beginning and register once the turnover reached 20 lakhs.


Sadly, my establishment was burned to ashes on May 2018, and I lost my business. My query is, I have collected GST from customers even though they were not liable to pay and I was not entitled to collect.

Should I pay this amount to the GST authorities or refund it to the people I collected it from?

I was not aware that the aggregate turnover should be considered before collecting GST, I thought I could collect GST from the beginning and register once the turnover reached 20 lakhs.


Sadly, my establishment was burned to ashes on May 2018, and I lost my business. My query is, I have collected GST from customers even though they were not liable to pay and I was not entitled to collect.

Should I pay this amount to the GST authorities or refund it to the people I collected it from?

0
Chiranjibi Jun. 26, 2018

If you have collected GST from customers without having the authority to collect, you will still have to pay this amount to the authorities.

If you don't deposit, here is what will happen.

The proper authority will issue you a notice, asking if you have wrongly collected GST, and he will ask you why he shouldn't charge you with penalties in respect of the same.

Then you will pay the tax, including the penalty. I think you will want to avoid that.

I was not aware that the aggregate turnover should be considered before collecting GST, I thought I could collect GST from the beginning and register once the turnover reached 20 lakhs.


Sadly, my establishment was burned to ashes on May 2018, and I lost my business. My query is, I have collected GST from customers even though they were not liable to pay and I was not entitled to collect.

Should I pay this amount to the GST authorities or refund it to the people I collected it from?

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