Thersold limit 40 lakh
This query is : Resolved
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.
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.
28 May 2019
As overall limit exceeds 40 Lakh registration is required.
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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