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GST Applicable Limit

Priya Kashyap (Student) (7048 Points)

24 February 2019

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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27 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 24 February 2019

As of Today the threshold limit is 20 lac for all states including special states

pritesh (CA Final student) (7101 Points)
Replied 24 February 2019

20 lakhs is the limit

manjunath hiremath (9 Points)
Replied 24 February 2019

isn't the 20 lakh recently increased to 40 lakh?

Priya Kashyap (Student) (7048 Points)
Replied 24 February 2019

that's what I wanted to know🤔

1 Like

pritesh (CA Final student) (7101 Points)
Replied 24 February 2019

They have told that they will increase to 40 lakhs from 01.04.2019. but still now no notification.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 24 February 2019

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*

Priya Kashyap (Student) (7048 Points)
Replied 24 February 2019

Nd no special state, Manipur Mizoram Nagaland Tripura?

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Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 24 February 2019

@ 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

Priya Kashyap (Student) (7048 Points)
Replied 24 February 2019

J&K COMES UNDER 20 LAKH TURNOVER LIMIT ND
CRUX THE NEWEST AMENDMENT HAS NOT YET COME INTO EFFECT?

1 Like

Ajay Singh (-) (127 Points)
Replied 24 February 2019

@ priya don't share unreliable information

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Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 25 February 2019

@ Priya
kindly Refer Notification 2/2019 CT , Dt 29/1/2019 , the amendment Act 31 of 2018 being Notified .(Except few section )

Nithin Sivadas (Student CA CPT ) (212 Points)
Replied 25 February 2019

if supplies are both made from state and special category the lower threshold shall be applicabel

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 25 February 2019

@ 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

Priya Kashyap (Student) (7048 Points)
Replied 25 February 2019

@ 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 😆

1 Like