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Threshold limit exemption


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 ?

Yes its compulsory to pay gst if registered.

Sir
If turnover of composition dealer exceeds 75 lacs in the current year, whether he can continue to be a composition dealer ?

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.



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