GST turn over limit
This query is : Resolved
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binu sukumaran
(Querist)
06 January 2023
Dear sir.
One of my friend start small business and Its turnover during 22-23 now around 6 lakhs only. He is not taken GST Registration. I doubt is
1. GST Turn over limit
2. Whether need to File income tax in above case
Please advise
One of my friend start small business and Its turnover during 22-23 now around 6 lakhs only. He is not taken GST Registration. I doubt is
1. GST Turn over limit
2. Whether need to File income tax in above case
Please advise
Dhirajlal Rambhia
(Expert)
06 January 2023
1. For goods 40 lakhs, while for services 20 lakhs.
2. Yes, it total taxable income is above basic exemption limit.
2. Yes, it total taxable income is above basic exemption limit.
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binu sukumaran
(Querist)
07 January 2023
Thanks for the information.
Let's me know basic exemption limit for income tax
Let's me know basic exemption limit for income tax
Dhirajlal Rambhia
(Expert)
07 January 2023
For Individuals below age 60 years, its Rs. 2.50 lakhs.
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