Gst requirement or not for below 40lakhs in handloom saree

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Accountant
24 Points Posted on 26 April 2019

Hi 

I m Raghu i am manufacturing handloom saree's and my turnover is 31 lakhs pa and already registered gst composition dealer but now gst limit 40lakhs if continues we need to pay GST or not i need to pay gst1% on 31lakhs r not plz suggest me

Thanks and regards

Raghu

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On 26 April 2019 at 21:11 Report
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GST Practitioner
55067 Points Posted on 26 April 2019
Yes As per Notification 10/2019, DTD.7/3/2019 the person exclusively in supply of Goods & whose aggregate Turnover in previous FY not exceeding 40 lac is not required to obtain Registration .

Hence can surrender your GDTN
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On 26 April 2019 at 22:15

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