Dear Sir,
My self and my friend both planned to run a marriage hall under lease. Our projected gross income is maximum 30 lakhs.
My query
1. Serice tax threshold limit 20. 00 lakhs is applicable to both individuals or not ?
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Replies (3)
Not individually......
There is PAN wise registration In GST law. and liMit is for taxable persom.
in your case taxable person is partnership firm. In my opinion threshold is appLied to firm. not to individuals.
NO individual status is liable here only the Firm is the liable
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