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hst registration threshold
is the increase of registration threshold from 20 to 40 lacs for all businesses ..are services also included on it or it remains same @ 20 lacs for.services
Replies (11)
the threshold for services is still 20 lakhs..
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
Note : Its not effective till date , hence wait for Notifications
THANKS..means if I m having photo copying shop..what can be my limit....
40 LAC AFTER NOTIFICATION.... AS ON TODAY 20 LAC
sure...ooohhhkkkkkkji.....thank god..if it is true
yes it's 100% correct
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
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
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)
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)
Makes sense Pankaj sirji... thanks.. again...
STILL WE SHOULD WAIT FOR NOTIFICATION...............
Pankaj I...any clarification on the threshold blimit issue for photocopy shop...any clarity..lpleaseeeeee
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