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?
Jun. 26, 2018