Gst notice for upi transaction over rs 40 lac

A recent discussion highlights concerns about receiving GST notices for UPI transactions totalling over ₹40 lakh. While this threshold might trigger scrutiny, especially for unregistered businesses, it's important to understand that bank transaction totals don't automatically equate to taxable turnover. The notice is more likely if you are not registered under GST and conducting business activities that exceed the registration threshold.