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Limet for gst registration
what's is the limit for GST registration
Replies (23)
Within one month from the date when turnover exceeds registration limit
It's 20 lakhs in case of services and 40 lakh in case of goods
Let's explain the crux of gst registration when it is required
1.as per Sec 22(1) of cgst act every person shall be liable to be registered in the state or union territory if his aggregate turnover exceeds rs.20 lakhs.In case of special category states registration is required if his aggregate turnover exceeds 10 lakhs . first provision to Sec 22(1) of cgst act. 2018.
1.as per Sec 22(1) of cgst act every person shall be liable to be registered in the state or union territory if his aggregate turnover exceeds rs.20 lakhs.In case of special category states registration is required if his aggregate turnover exceeds 10 lakhs . first provision to Sec 22(1) of cgst act. 2018.
For example if my turnover is below 20 laks which means 5 laksh only means ...I want to desire to take GST ....is it possible???
Yes. Voluntarily registration is very much allowed
I have one doubt , typically what is the due dates of Income Tax for various in a year?
Tds payment monthly, Tds filing quarterly, Advance Tax in 4 installments and ITR filing once in a year
Even if your turnover is below 20 lakhs, you can voulntarily register under GST.
Tax audit is applicable for salaried persons??? individual
Not at all.......
Only for business and professional mam?? TAX AUDIT
Yes, only in case of business & profession you are required to do audits.
No audit are required in specified cases as mentioned in Sec 44ADA AND OTHER SPECIFIED NATURE OF ASSESSES.
Even in case of Business/ profession , Audit is not required in few cases but tax audit applies only for PGBP cases
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