if turnover is 25 lacs then whether gst is applicable on full 25 lacs or on 5 lacs under gst ??
7 Replies
rajesh chowdary
(student)
(118 Points)
Replied 03 January 2018
gst applicable on total turnover that is 25 lakhs
Hardik Baid
(3 Points)
Replied 03 January 2018
how ??
will i don't get threshold exemption of 20 lacs under gst ??
will i don't get threshold exemption of 20 lacs under gst ??
Mondira Saha
(GST)
(3925 Points)
Replied 03 January 2018
gst applicable on your total sale ..... no exemption like income tax ...
rajesh chowdary
(student)
(118 Points)
Replied 03 January 2018
threshold limit 20 lakhs is only for registration....not for tax liability
Rohit Kumar Singh
(Founder - TaxMarvel Consulting Services )
(9467 Points)
Replied 04 January 2018
depends if it's single invoice of 25 lacs or multiple invoices. for single invoice full 25 lacs is taxable but for multiple invoice go for regn within 30 days of crossing limit.
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