When the Herbalife associates should apply
for gst registration?
What should be calculated?
Sales, purchase, DD INCOME?
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When the Herbalife associates should apply for gst registration?
Replies (3)
Quick Summary
Aggregate turnover (sales)
You have to consider your Aggregate Turnover [ defined U/s 2(6) of the CGST Act 2017 ] in order to determine whether you have to opt for GST Registration or not.
As per the Provision of Section 22 of the CGST Act 2017, A person is required to apply for GST Registration if his Aggregate Turnover exceeds Rs. 20 lakhs. However if you are engaged in "EXCLUSIVE SUPPLY OF GOODS", then the turnover threshold limit is Rs. 40 lakhs w.e.f 01/04/2019.
As per the Provision of Section 22 of the CGST Act 2017, A person is required to apply for GST Registration if his Aggregate Turnover exceeds Rs. 20 lakhs. However if you are engaged in "EXCLUSIVE SUPPLY OF GOODS", then the turnover threshold limit is Rs. 40 lakhs w.e.f 01/04/2019.
Jab product pe sab tax included hai to alag se tax kyu pay kare
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