What is the EXEMPTION limit for GST Registration for this year/ last financial year?
Has it been hiked to 40lac from 20lac for individuals from all states other than hilly states?
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GST Exemption Limit
Replies (4)
Yes, It has been increased to 40 lacs for supply of goods, however for service and Goods in combined its yet 20 lacs subject to some special state.
Rs. 40 lakhs Threshold Turnover limit for GST Registration is only for those Supplier who are dealing in EXCLUSIVE SUPPLY OF GOODS.
For Mixed Suppliers ( i.e. dealing both in supply of goods and supply of services ), the turnover threshold limit is Rs. 20 lakhs.
For Mixed Suppliers ( i.e. dealing both in supply of goods and supply of services ), the turnover threshold limit is Rs. 20 lakhs.
Thank you for valuable information sirs.
Mr Ram , there is a separate forum for GST.
You get views from many GST experts there.
This forum is for Income tax related queries.
You are welcome to post any ITax related queries here.
You get views from many GST experts there.
This forum is for Income tax related queries.
You are welcome to post any ITax related queries here.
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