GST for OPC with 54 lakhs turnover ?

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142 Points Posted on 11 May 2021

What is GST for OPC with 54 lakhs turnover ?

45 lakhs as directory salary. That will be only expense.  18 percent GST for my opc since it is doing IT  service.

I understand i can get refund later on. I cannot execute LUT since i cannot do bond worth tax liability + bank guarantee. I just started OPC last month .

Thanks :)

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On 11 May 2021 at 15:15 Report
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Finance/Compliance Consultant
69607 Points Posted on 02 July 2026

Your turnover of ₹54 lakhs exceeds the mandatory GST registration threshold for service providers (₹20 lakhs). Additionally, you do not qualify for the Composition Scheme, which is limited to ₹50 lakhs for service providers. You are required to register under the Regular GST scheme.

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On 02 July 2026 at 10:39

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