My client is Cake Shop manufacturers and retailers, GST TIN holder having turnover near to 22 lakhs for last for 3 years. Now threshold exemption limit have been increased to 40 lakhs. My question is, in FY 2019-20 whether I have to cancel GST registration ?. Please reply.
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Gst turnover rs.22 lacs in fy 18-19, since threshold limit increase to 40 lakhs in 19-20
Replies (6)
No you cant cancel now
why sir reason please
The 40 lakhs limit is not notified.
Kindly Wait for the notifications.
Kindly Wait for the notifications.
power given to state to notify limit beweebn 20 lac to 40 lacs. Notification still pending
Yes, each state should notify the turnover limit either they want 20L or 40L.
thank you all for valuable reply
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