Neha Nagar Instagram – Wanna guess the real income of any business? ? Here’s a detailed hack to figure it out! 🕵️♀️
🔸 Ever wondered if someone is genuinely making crores or just showing off? Here’s what you can do:
1️⃣ Buy something from their shop and ask for a GST bill.
2️⃣ On the GST website, go to the Search Taxpayer section.
3️⃣ Enter their GST number to access their taxpayer details.
4️⃣ Check which returns they’ve filed:
-GSTR-9 is mandatory for businesses with an annual turnover of ₹2 crore or more.
-GSTR-9C is mandatory for businesses with a turnover above ₹5 crore.
Key Insights to Keep in Mind:
– Most businesses operate on a profit margin of 20–30%. So, for someone to actually earn crores, their business needs a minimum revenue of ₹5 crore.
-This method gives you a rough idea of their turnover but isn’t foolproof. It doesn’t account for multiple businesses under the same GST number or special category states where thresholds may differ.
👉 Try this hack, and don’t forget to save the video for future reference! 🎥 | Posted on 10/Dec/2024 21:39:46
