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GST registration threshold limit increase

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account assistant
48 Points Posted on 16 March 2024
Dear Team Pls advice that my threshold limit has increased in 3Qtr of fy 23-24 and i want to apply registration in composition scheme
can I apply from Jan onward and what treatment will be for turnover before Jan 24. kindly suggest the process and what liability and penalty will be there.
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On 16 March 2024 at 22:21 Report
Replies (5)
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"Do the Right Thing...!!!"
128147 Points Posted on 16 March 2024
No liability, No penalty...
Take registration and run Your business under GST...
463 Reply
On 16 March 2024 at 23:03
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Profession Business
28202 Points Posted on 17 March 2024
Gst registration limit crossing threshold
44 Reply
On 17 March 2024 at 08:12
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"Do the Right Thing...!!!"
128147 Points Posted on 17 March 2024
Can You elaborate
463 Reply
On 17 March 2024 at 13:29
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M Com FCS LLB M-AIMA
14046 Points Posted on 18 March 2024

As per section 10(1) turnover should not exceed prescribed turnover limit of Rs 1.5 crore for composition in the preceding year. and you are not dealing in specified business for which composition scheme is not available.

Check these conditions before you apply.

14 Reply
On 18 March 2024 at 17:00
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Private
265 Points Posted on 19 March 2024
Very Well reply Sabyasachi Mukherjee
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On 19 March 2024 at 22:22


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