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threshold limit for service

percy (B.Com) (370 Points)

26 May 2019

what is threshold limit for service suppliers and why it is not increase to 40 lakhs....I m photocopy shop n it is very difficult

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 26 May 2019

For service suppliers it is kept at 20 lakhs, because there is no cost of goods supplied in services, as in supply of goods.

percy (B.Com) (370 Points)
Replied 26 May 2019

agreed..but business like us of photocopy shop..we have so much input like paper. 50 Percy..ink.. light..etc...yet counted as service with 18 perct

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 26 May 2019

Overall it costs to consumer, not over service provider!!

percy (B.Com) (370 Points)
Replied 26 May 2019

ok..bt if we go for composition scheme at 6 Perct for service..we can't claim inputs..so technically we give 6+ 12 or 18 perct gst as applicable for our raw material purchase ..hence we end up paying more and all go through Jassi which goods provider don't....ok

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 26 May 2019

Do you pay it from your pocket?

I used pay pay 50 paise per copy before GST, but not now!!!

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percy (B.Com) (370 Points)
Replied 26 May 2019

now what means...if u r talking of increase in price per copy...do u know the cost of paper and labour

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 26 May 2019

dear percy : when you have done so much calculation & know that this scheme is not fit for your business then why dont you go for regular scheme or scheme which suits to you...

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