Threshold exemption

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3 Points Joined June 2017

if turnover is 25 lacs then whether gst is applicable on full 25 lacs or on 5 lacs under gst ??

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On 03 January 2018 at 21:55 Report
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Tax Consultant
894 Points Joined July 2017
25 lakhs
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On 03 January 2018 at 22:10
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student
118 Points Joined April 2009
gst applicable on total turnover that is 25 lakhs
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On 03 January 2018 at 22:22
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3 Points Joined June 2017
how ??

will i don't get threshold exemption of 20 lacs under gst ??
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On 03 January 2018 at 22:23
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GST
3925 Points Joined October 2015
gst applicable on your total sale ..... no exemption like income tax ...
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On 03 January 2018 at 22:27
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student
118 Points Joined April 2009
threshold limit 20 lakhs is only for registration....not for tax liability
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On 03 January 2018 at 22:27
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Founder - TaxMarvel Consulting Services
9467 Points Joined June 2008
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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On 04 January 2018 at 02:01
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24196 Points Joined May 2018
Yes, gst applicable on whole amount of 25 lakhs.
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On 10 June 2018 at 16:48


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