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Threshold for registration under GST

Registration 139 views 2 replies

Sandeep Koonaparaju

Partner

39 Points Joined June 2010

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)

Sagar Patel

Tax and Business Consultant

11611 Points Joined July 2015

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.