Exemption of 20 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2017
Dear Experts.
in previous year my turnover my turnover was 17 Lacs. but in this 17 Lacs it include the inter state supply also. pls tell me will i get the exemption of 17 Lacs. if No then do we need to charge Applicable GST even on intra state supply also.
Thanks
Rohit
in previous year my turnover my turnover was 17 Lacs. but in this 17 Lacs it include the inter state supply also. pls tell me will i get the exemption of 17 Lacs. if No then do we need to charge Applicable GST even on intra state supply also.
Thanks
Rohit
CA Shubhanshu Jain
(Expert)
30 June 2017
If any dealer in engaged in inter state supplies then there is no threshold limit for such dealers they have to take registration even if they have Rs.1 turnover and after getting registered you have to comply with all provisions of GST and tax is to charged both on interstate and intrastate supplies in following manner
On Interstate supplies - IGST
On intrastate supplies - CGST+SGST
On Interstate supplies - IGST
On intrastate supplies - CGST+SGST
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