banner_ad

Threshold limit exemption

This query is : Open 
Profile Image

Profile Image

(Querist)
23 July 2017 Sir/Madam
My doubt is about the Rs 20 lakhs limit. If i have taken GST registration on a voluntary basis although my turnover will and always had been below 20 lacs . is it compulsory for me to pay gst or not ?
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
23 July 2017 Yes its compulsory to pay gst if registered.
Profile Image

ajit agrawal

Profile Image

ajit agrawal (Querist)
23 July 2017 Sir
If turnover of composition dealer exceeds 75 lacs in the current year, whether he can continue to be a composition dealer ?
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
23 July 2017 No he will have to take normal registration. He will be liable to pay taxes under normal scheme from the day he crosses 75 lakh turnover limit. Depending on whether he applies for registration within 30 days of crossing limit his date of registration will be decided.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details