Dear sir/ma'am,
my query is when a person is supplier or trader of good and he is also receving rent from commercial property. Total turnover from both the things amount to 36 lakh. Then which limit option will be considered? service one with 20 lakhs limit or trading one with 40 lakhs limit
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Gst limit clearity
Replies (2)
40lakhs limit is only for goods
so in case of turnover of goods and services exceeds 20lakhs, registration is mandatory.
so in case of turnover of goods and services exceeds 20lakhs, registration is mandatory.
As per Notification No. 10/2019-Central Tax , Only for supply of goods the threshold limit is 40lac , hence in your case the limit is 20lac as you are supplying both Goods & Service
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