hst registration threshold

shailendra shukla

Bhopal

1741 Points Posted on 11 January 2019

the threshold for services is still 20 lakhs..

Pankaj Rawat

GST Practitioner

55067 Points Posted on 11 January 2019

In Aggregate turnover, services are also included , hence it's in case of supply services also it's included

Note : Its not effective till date , hence wait for Notifications

percy

B.Com

374 Points Posted on 11 January 2019

THANKS..means if I m having photo copying shop..what can be my limit....

Pankaj Rawat

GST Practitioner

55067 Points Posted on 11 January 2019

40 LAC AFTER NOTIFICATION.... AS ON TODAY 20 LAC

percy

B.Com

374 Points Posted on 11 January 2019

sure...ooohhhkkkkkkji.....thank god..if it is true

Pankaj Rawat

GST Practitioner

55067 Points Posted on 12 January 2019

yes it's 100% correct

percy

B.Com

374 Points Posted on 12 January 2019

but Pankaj sir..uptill now photo copying shop was considered as services with n18 perct gst....
nnall say that threshold has not increased from 20 to 40 for services..it is only for supply of goods....hence i m confusing
nnsir yr profile very good

Pankaj Rawat

GST Practitioner

55067 Points Posted on 13 January 2019

Kindly read the Section 22(1) , A person is liable to be registered whose AGGREGATE Turnover Exceeds 20lac

Now Refer the Definition of Aggregate Turnover in Section 2(6) : means the aggregate value of all TAXABLE SUPPLY....

and The Definition of Taxable Supply In Section 2 (107) : means supply of GOODS & SERVICES

Hence the threshold limit of 40 lac includes the Aggregate Turnover (Goods & Services)