Thersold limit 40 lakh

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RAKESH SHARMA (Querist)
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28 May 2019 I am sole properitor of ready made garments and during this my year shall be as follows :-
a) Taxable Sales 35 Lakh
b) Rental Income 15 Lakh

As per new provisions, if goods sales is below than 40 Lakh, no registration require? Please see and clear me whether am I liable for registration as overall limit exceeds 40 Lakh but individually below 40 lakh.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 May 2019 As overall limit exceeds 40 Lakh registration is required.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 May 2019 The limit of Rs.40 lakh is in respect of supply not sales and rent is also a part of supply. So you have to get registered in GST as turnover exceed the limit.

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