Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

GST for OPC with 54 lakhs turnover ?

206 views

Save Share

Join Us Follow Us Add as Source

Christine Diaz

152 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 :)

Replies (1)

Aashok Kumar Sharma

Finance/Compliance Consultant

75663 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.