
An odd incident got here to mild in Tamil Nadu when an individual selling Pani Puri was issued summons beneath Section 70 of the Tamil Nadu Goods and Services Tax Act and Central GST Act. Report According to, the individual obtained this summons on December 17, 2024. Under GST guidelines, companies incomes greater than Rs 40 lakh yearly should register and comply with tax guidelines.
These days the notice can also be going viral on social media. The mentioned notice incorporates directions to the seller to seem earlier than the division in individual. The individual has been requested to submit monetary paperwork associated to his transactions for the final three years. The purpose of the GST division officers is to verify the revenue of the vendor. The investigation can pay particular consideration to substantial funds obtained by way of digital platforms within the final monetary 12 months.
The notice obtained by the pani puri vendor additionally states that supplying items or companies with out acquiring GST registration even after crossing the annual turnover restrict of Rs 40 lakh comes beneath an offence. The notice goes viral on social media. Different feedback from customers are being seen on this. One consumer wrote that its value can also be included, some mounted costs are additionally included. All of them needs to be faraway from the revenue.
40 L is the quantity he obtained and that will or will not be his revenue. You should deduct substances value man energy prices mounted bills and so forth.. he could also be incomes simply sufficient to get by.
— confusedinvestor (@confusedinvest5) January 3, 2025
I consider greater than 50% folks can be paying in money because the funds should not hefty that are merely 50-100 bucks. I consider he should be incomes not lower than 60 LPA.
— Market_Maven_587 (@MarketMaven587) January 3, 2025
Another consumer wrote that just about 50 % folks can be making money cost solely. Minor funds of simply Rs 50-100 can even be included on this. It is estimated that the vendor can be incomes Rs 60 lakh per 12 months. However, this notice is way mentioned on social media platforms. People are stunned to obtain such an official notice from the pani puri vendor.
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