Good Morning Expert
Little bit doubt regarding turn over limit under Gst. In latest 32 GSt meeting govt announced turn over for registration under Gst for goods only 40lakh and special category State 20lakh. Sir can you tell me that what turn over for composite supply (Service & Material) 40 or 20 lakh ? for registration.
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Regarding Turnover Limit
Replies (3)
The 40lakhs limit applicable from 1st April 19**
The limit applicable for gst registration purpose & total turn over which is include sales & service...
Composition or Regular scheme opt by Taxpayer's willing as per their business activities...
The limit applicable for gst registration purpose & total turn over which is include sales & service...
Composition or Regular scheme opt by Taxpayer's willing as per their business activities...
| Originally posted by : RAJA P M | ||
 |
The 40lakhs limit applicable from 1st April 19**The limit applicable for gst registration purpose & total turn over which is include sales & service...Composition or Regular scheme opt by Taxpayer's willing as per their business activities... |  |
Thanks for Reply Sir,
Sir 40 Lakh limit only for goods not for service. For service provider Registration limit i in Gst is same 20 lakh & hill area state 10 lakh
A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under gst This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states. Also, the definition of taxable turnover has been changed to aggregate turnover.
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