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Gst exemption limits

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Aruna Shetty

38 Points Posted on 25 August 2020

pls confirm if there any changes in exemption limit for gst registrationis announced by finance ministry yesterday. has it been changed from 20 lkh to 40 lakh. is it applicable on goods as well as services

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Quick Summary

This discussion clarifies the Goods and Services Tax (GST) registration exemption limits. The standard threshold remains at ₹20 lakh (₹10 lakh for special category states). However, suppliers exclusively dealing in goods may benefit from a higher threshold of ₹40 lakh, as per Notification No. 10/2019. It's important to note that recent news circulating about changes may refer to older information.

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 25 August 2020

No, there is no Change in exemption limit/ threshold limit for GST registration.

GST registration Limit is 20 lakh (10 lakh for special category states).
But, For Suppliers exclusively dealing in Goods only have a higher threshold limit of Rs. 40 lakh subject to exception specified in Notification No.10/2019.

Note : it's only tweeted/reposted by Finance Minister on her tweeter account.its old only.