ASSAM GST THRESHOLD

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17 Points Posted on 09 October 2020
Assam GST threshold limit has been raised from ₹ 20 Lakhs to ₹ 40 Lakhs?
What's the date of effect of ₹ 40 Lakhs Threshold limit in Assam ?
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On 09 October 2020 at 10:39 Report
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Quick Summary
The GST registration threshold limit in Assam has been increased to ₹40 Lakhs, but this applies specifically to businesses exclusively supplying goods. This change, effective from 1st April 2019, was introduced via Notification No. 10/2019 - Central Tax (Rate). The discussion also touches upon potential amendments from August 2020, though clarification is sought on their specifics.

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Student
23693 Points Posted on 13 October 2020
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 ).

Regards.
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On 13 October 2020 at 10:44
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17 Points Posted on 13 October 2020
@ shivam RX

what about 24/08/2020 amendment??
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On 13 October 2020 at 12:01
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Student
23693 Points Posted on 14 October 2020
Sir what amendment came in 24th August 2020 with regard to Turnover threshold limit in Assam ? I'm not aware about it. Can you plz elaborate Sir.
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On 14 October 2020 at 15:20
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17 Points Posted on 14 October 2020
Https://cleartax.in/s/gst-registration-limits-increased

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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On 14 October 2020 at 15:39

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