threshold limit of gst regarding
This query is : Resolved
03 November 2016
Dear Experts
I am a existing vat dealer due to lack of orders my turnover does not exceed above 20 lacs pa for the year 2016-17.In this connection I would like to know that I will come under threshold limit of the GST. And what is exactly threshold limit in GST. Who will comes under the net of GST .Kindly explain in a detailed manner.
Thanking you
03 November 2016
If only your turnover exceeds 20 lacs(thresh hold limit) you will come under GST purview.
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