Sir kindly note that the Threshold Iimit of Rs. 40 lakhs is only applicable for persons engaged in "EXCLUSIVE SUPPLY OF GOODS".
As per Notification No. 10/2019 - Central Tax (Rate), dated 07th March 2019, the threshold limit for GST Registration for persons engaged in EXCLUSIVE SUPPLY OF GOODS has been increased to Rs. 40 lakhs. This Notification came into effect from 01st April 2019.
So the threshold limit of Rs. 40 lakhs is applicable on Assam w.e.f 01st April 2019 ( 01/04/2019 ).
I didn't understand many terms here. like 'Assam opted to ₹ 40 Lakhs'. Does it mean that Assam threshold limit is extended to ₹ 40 Lakhs? What's 'opted to'???
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