GST Exemption Based on Turnover
This query is : Resolved
29 April 2021
Sir,
I would like to clarify the following
If anyone got the registration and doing the business of trading (in Tamil Nadu )with turnover less than Rs 40 Lakh is eligible claim the exemption . i.e. Whether he can sell the goods without collecting tax even he purchased with Tax ? Further he can claim the exemption while filing his GST Returns.
I would like to clarify the following
If anyone got the registration and doing the business of trading (in Tamil Nadu )with turnover less than Rs 40 Lakh is eligible claim the exemption . i.e. Whether he can sell the goods without collecting tax even he purchased with Tax ? Further he can claim the exemption while filing his GST Returns.
29 April 2021
Once registered threshold 40 lacs not applicable. You have to charge GST irrespective of turnover. Exemption can't be claimed in such a case.
03 May 2021
Once the gst registration is taken. Threshold limit of Rs 40 lakhs shall not exist
Dealer will have to pay collect gst and pay to the department.
Dealer will have to pay collect gst and pay to the department.
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