In view of GST registration limits, what shall be threshold limit for registration for a Service Business run by a person with a Turnover 19 Lakhs and a Goods Business run by the same person with a Turnover around 18 Lakhs.
Please guide that whether GST Registration is compulsory to the person for 2 different businesses less than 20 Lakhs each or total Turnover shall be considered as exceeding 20 Lakhs.
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Calculation of Turnover For a Goods Business and a Service Business
Replies (5)
Need to get registered as turnover exceeds 19 lakhs
Since you are dealing in both goods and services under the same PAN therefore threshold limit of Rs. 20 lakhs will be applicable and registration will be required.
Read this in above post "Turnover exceeds 20 lakh "
Because you are conducting business in both products and services under the same PAN, the threshold limit of Rs. 20 lakhs will apply to your transactions, and you will be forced to register your business.
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