Gst turnover clarification
This query is : Open
Venkatesh R
(Querist)
18 July 2017
My previous year 2016-17 turnover is 29 lakhs and automatically migrated to GST, and the question is whether we have to charge GST from 1st July on basic 1 rupee charging to customers or up to 20 lakhs exemption threshold limit is available for the current year? or we can charge the customer after crossing 20 lakhs limit..
18 July 2017
Under GST once you get registered there is no threshold benefit. You have to charge GST even from Rs.1 supply
CA Rashmi Gandhi
(Expert)
18 July 2017
20 lakh is registration limit not exemption limit.
So you have to pay from Rs.1 if register in GST.
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