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Mandatory Gst Registration

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TAX PRACTITIONER
293 Points Posted on 18 November 2022
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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On 18 November 2022 at 18:16 Report
Replies (6)
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CFO- at NHTF
58280 Points Posted on 18 November 2022
60lakhs is taxable
59 Reply
On 18 November 2022 at 20:32
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B.Com
8 Points Posted on 19 November 2022
20 lak
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On 19 November 2022 at 10:06
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Profession Business
28196 Points Posted on 19 November 2022
It has crossed the limit so under sec 22 of cgst act , mandatory gst registration.
44 Reply
On 19 November 2022 at 10:36
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CFO- at NHTF
58280 Points Posted on 19 November 2022
@ Ravindra,

It depends on the registration date .
59 Reply
On 19 November 2022 at 14:46
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74 Points Posted on 20 November 2022
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.
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On 20 November 2022 at 13:56
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CFO- at NHTF
58280 Points Posted on 22 November 2022
GST has to be collected from the effective date of registration or from the date turnover exceeds the threshold limit.

Hence (60-40lacs) = 20lacs
59 Reply
On 22 November 2022 at 22:40


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