turnover limit in gst
This query is : Resolved
rajni sharma
(Querist)
31 May 2017
in present Norms..if turnover exceed 1.5cr that person come under excise liability ..in gst what is the turnover limit?and what if that exceeds that limit}?
please reply
CA R SEETHARAMAN
(Expert)
31 May 2017
The turnover limit is 20 lacs under GST. If turnover exceeds the limit then you are liable for registration under GST and liable for GST payment.
rajni sharma
(Querist)
31 May 2017
thanks for reply sir....that's what I know...my question is person already registered under gst and his turnover exceeds 1.5cr than what would happen. in that case?
CA R SEETHARAMAN
(Expert)
31 May 2017
No such 1.5cr limit under GST.
rajni sharma
(Querist)
31 May 2017
ok thank u sir
Guest
Guest
(Expert)
01 June 2017
See this video what to understand when and how to obtain registration in GST
https://youtu.be/DV_UzOkvUIs
https://youtu.be/DV_UzOkvUIs
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