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Threshold limit


Aravind kumar singh (student)     12 December 2019

Aravind kumar singh
student 
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a person carried out construction business,the threshold limit is 40 lac ? or 20 lac ?
the construction business include supply of goods as well as supply of services.

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RAJA P M ("Do the Right Thing...!!!")     12 December 2019

RAJA P M
"Do the Right Thing...!!!" 
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Threshold limit is 20 lakhs...

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Ravi SADhiyan (CA Final)     12 December 2019

Ravi SADhiyan
CA Final 
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Originally posted by : Aravind kumar singh
a person carried out construction business,the threshold limit is 40 lac ? or 20 lac ? the construction business include supply of goods as well as supply of services.

In your case threshold limit applicable Rs. 20 Lacs

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Aravind kumar singh (student)     12 December 2019

Aravind kumar singh
student 
 29 points

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Some practitioner CA told me that 40 lac threshold limit applicable for all supplies( supply of goods as well as supply of services ) are they correct ?

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RAJA P M ("Do the Right Thing...!!!")     12 December 2019

RAJA P M
"Do the Right Thing...!!!" 
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The 40 lakhs limit applicable only for supply of goods...

For supply of service or Goods and Services then limit is 20 lakhs..

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