Poonawalla fincorps
Poonawalla fincorps

Threshold limit

This query is : Resolved 
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(Querist)
28 March 2018 Suppose I have registered for GST. My turnover in previous FY does not exceed 20
Lack rs. Now I am taken Registration as composition tax payer, while filling quarterly return do I have to pay tax @1% on turnover of supply upto 15 lakh rs.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
28 March 2018 Yes you have to.... Exemption limit is for registration only, once you get registered you have to pay tax for single penny also.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
02 April 2018 From Jan to march quarter rate of tax is likely to be half percent as per the GST circular.
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