Sir one of my client doing textile business and his turnover is rupees 9 lakh.
Now he sold a Machinery(capital asset) of rupees 23 lakh.
Is it compulsory to get registered under Act now
Menu
Registration
Replies (4)
No it is not compulsory
Threshold Limit to take registration w.e.f 01.04.19 increased to Rs 40 Lakhs, if supplier engaged in goods supply only..as per Section 23. This is subject to condition he is not making Inter State Supply n not a Non Resident.
Sir he sold Machinery in March month.
Sale of machinery is included in aggregate t/o
Sale of machinery is included in aggregate t/o
and what if machinery value 32 lakh
Recent Topics :
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
Related Topics :
CAclubindia
