if turnover is 25 lacs then whether gst is applicable on full 25 lacs or on 5 lacs under gst ??
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Threshold exemption
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25 lakhs
gst applicable on total turnover that is 25 lakhs
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 ??
gst applicable on your total sale ..... no exemption like income tax ...
threshold limit 20 lakhs is only for registration....not for tax liability
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.
Yes, gst applicable on whole amount of 25 lakhs.
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