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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GST registration threshold limit increase
Replies (5)
No liability, No penalty...
Take registration and run Your business under GST...
Take registration and run Your business under GST...
Gst registration limit crossing threshold
Can You elaborate
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.
Very Well reply Sabyasachi Mukherjee
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