Threshold limit
This query is : Resolved
21 September 2019
XYZ's turnover for supply of goods is Rs.5 Lakh and supply of service is Rs.18 Lakhs. Is he required to obtain GST Registration?
21 September 2019
YES U NEED TO REGISTER AS TURNOVER LIMIT EXCEED
21 September 2019
It is mandatory for companies whose turnover is more than Rs.20 lakhs (for supply of services) and Rs. 40 lakhs ( for supply of goods) yearly to register for a GST.
All businesses making interstate outward supplies of goods have to register for a GST too. The same applies to businesses making taxable supplies on behalf of other taxable persons, example Agents and Brokers.
All businesses making interstate outward supplies of goods have to register for a GST too. The same applies to businesses making taxable supplies on behalf of other taxable persons, example Agents and Brokers.
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