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40Lacs Turnover Limit for GST Registration
When will be 40lacs turnover limit applicable for GST registration under regular tax payer ?
Replies (8)
Tax payer exclusively engaged in the intrastate supply of goods
Is 40Lakhs limit not applicable to intrastate state supply of services ?
Which state?
Other than special category state
Gst is Pan basic.so 20 lakhs in all india basic other than special category state.
But if it is intrastate supply of goods then 40lakhs..
GST registration is mandatory for every person who is engaged in the exclusive supply of goods and his aggregate turnover exceeds Rs 40 lakh in a financial year. Earlier, the limit was 20 lakhs for a supplier of goods. However, the same was increased to 40 lakhs vide notification No. 10/2019-Central Tax, dated 07.03.
GST registration is mandatory for every person who is engaged in the exclusive supply of goods and his aggregate turnover exceeds Rs 40 lakh in a financial year. Earlier, the limit was 20 lakhs for a supplier of goods. However, the same was increased to 40 lakhs vide notification No. 10/2019-Central Tax, dated 07.03.
Read sec 22 of cgst act.
Read notification No. 10/2019
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