Threshold for registration under GST

Registration 307 views 2 replies

Dear Friends,

What is the threshold limit for registration under GST for services?

On 24th August Finance Minister tweeted that businesses with 40 Lakh turnover are exempt from GST, is that a new announcement or is she just stating the fact that they increased the GST threshold on  goods to 40 Lakhs? 

Thanks 

Sandeep

 

Replies (2)
Threshold limit for GST registration for service is 20 lakh (10 lakh for special category states).

Threshold limit for person exclusively dealing in Goods is 40 lakh.

It's old limit only..there is no new announcement, Finance Minister just posted old history of GST on her twitter account.

refer sec 22 of cgst act 2017.


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