what is the current actual limit of turnover of business to be registered under GST?
AND WHAT FOR THOSE BUSINESSES SETUO BOTH IN STATE AND SPECIAL STATE?
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GST Applicable Limit
Replies (27)
As of Today the threshold limit is 20 lac for all states including special states
20 lakhs is the limit
isn't the 20 lakh recently increased to 40 lakh?
that's what I wanted to know🤔
They have told that they will increase to 40 lakhs from 01.04.2019. but still now no notification.
Just for Clarification
The enhanced limit of ₹ 40 lakhs for registration under GST as announced in the 32nd Meeting of the GST Council is *ONLY FOR SUPPLIER OF GOODS AND NOT FOR SERVICE PROVIDERS*
The enhanced limit of ₹ 40 lakhs for registration under GST as announced in the 32nd Meeting of the GST Council is *ONLY FOR SUPPLIER OF GOODS AND NOT FOR SERVICE PROVIDERS*
Nd no special state, Manipur Mizoram Nagaland Tripura?
@ priya
Yes , As per Article 279A (4)(g) of constitution of India Mizoram, Manipur, Nagaland , Tripura covers under Special States.
Infact Jammu Kashmir does not include in Special State so has been included by inserting in amendment Act 31 2018
Yes , As per Article 279A (4)(g) of constitution of India Mizoram, Manipur, Nagaland , Tripura covers under Special States.
Infact Jammu Kashmir does not include in Special State so has been included by inserting in amendment Act 31 2018
J&K COMES UNDER 20 LAKH TURNOVER LIMIT ND
CRUX THE NEWEST AMENDMENT HAS NOT YET COME INTO EFFECT?
CRUX THE NEWEST AMENDMENT HAS NOT YET COME INTO EFFECT?
@ priya don't share unreliable information
@ Priya
kindly Refer Notification 2/2019 CT , Dt 29/1/2019 , the amendment Act 31 of 2018 being Notified .(Except few section )
kindly Refer Notification 2/2019 CT , Dt 29/1/2019 , the amendment Act 31 of 2018 being Notified .(Except few section )
if supplies are both made from state and special category the lower threshold shall be applicabel
@ priya
Sorry for above Reply
Actually As per Amendment Act 31 of 2018 The explanation III in section 22 : Except the State J.K , it being added the state Assam, Arunachal Pradesh, H.p, U.k, Meghalaya, Sikkim , means for all this states the Threshold limit being Increased to 20lac
Sorry for above Reply
Actually As per Amendment Act 31 of 2018 The explanation III in section 22 : Except the State J.K , it being added the state Assam, Arunachal Pradesh, H.p, U.k, Meghalaya, Sikkim , means for all this states the Threshold limit being Increased to 20lac
@ Pankaj sir
which limit shall be followed for students appearing in November 2019 Ca inter exam.
if the one u mentioned; tab to Rajkumar sir ji pakdna padega 😆
which limit shall be followed for students appearing in November 2019 Ca inter exam.
if the one u mentioned; tab to Rajkumar sir ji pakdna padega 😆
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