I am going to take franchise of EV charging 60KW machine from Tata Power under which the customer will be charged with 18% gst. On that location, my annual business turnover will be less than 20 lakhs.
I have been told by the Chartered Accountant of Tata Power that you will have to get gst registration mandatorily as we are charging gst from the customer And as your current account will be opened in the bank, so gst number will be required compulsorily.
I have some confusion in my case, please clarify.
1. is it mandatory for me to obtain a GST number even if my annual income/turnover less than 20 lakh ?
2. If gst registration is not required, then what will happen to the gst amount collected from the customer ?
3. is gst number mandatory for bank current account ?
