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GST turnover doubt
I have GST registration. since GST turnover exemption limit is increased to Rs. 40 Lacs and my annual turnover is less than this new limit. can I cancel my existing GST registration.
Replies (7)
the limit of 40 Lacs will be applicable from 1st april,2019.
No... currently the thresholds limit in term of Section 22 CGST Act is 20 Lac only . The 40lac is recommendation by council & will be applicable only when notify by council by issuing Notification
The new limit 40 lakhs is not still notified. Currently you can't cancel the gst registration.
yes.. but it is applicable from 01.04.2019
pritesh ji
can you quote the Notification or any order that its being applicable from 1/04/2019
Dear, its only an recommendation that it will be get aplicable from 1st of april & the provision of Act is applied /Run on basis of recommendations
can you quote the Notification or any order that its being applicable from 1/04/2019
Dear, its only an recommendation that it will be get aplicable from 1st of april & the provision of Act is applied /Run on basis of recommendations
Yes pankaj ji i agreed with your answer
i just want to sae that new limit will be applicable from April onwards.. notification may be issued shortly.Till that registration cannot be surender.
i just want to sae that new limit will be applicable from April onwards.. notification may be issued shortly.Till that registration cannot be surender.
Any we have to wait for the notifications...
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