person exceed 40 lakh limit he is liable to mandatory Gst registration
if his total turnover 60 lakh.
Question is how much amount is taxable 20 Lakh or fully 60 Lakh.
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Mandatory Gst Registration
Replies (6)
Quick Summary
60lakhs is taxable
20 lak
It has crossed the limit so under sec 22 of cgst act , mandatory gst registration.
@ Ravindra,
It depends on the registration date .
It depends on the registration date .
Yes, it's mandatory if the limit is crossed 20/40L based upon state to state.
If it's proprietorship concern better to make another proprietorship firm and divide the sale 30-30 in both the firm.
If it's proprietorship concern better to make another proprietorship firm and divide the sale 30-30 in both the firm.
GST has to be collected from the effective date of registration or from the date turnover exceeds the threshold limit.
Hence (60-40lacs) = 20lacs
Hence (60-40lacs) = 20lacs
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