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40Lacs Turnover Limit for GST Registration

Eswar Reddy S (CFO- at NHTF) (58270 Points)

06 March 2022

When will be 40lacs turnover limit applicable for GST registration under regular tax payer ?

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8 Replies

CA Surya Sekar (CFO ) (1347 Points)
Replied 06 March 2022

Tax payer exclusively engaged in the intrastate supply of goods

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 06 March 2022

Is 40Lakhs limit not applicable to intrastate state supply of services ?

sabyasachi mukherjee (27574 Points)
Replied 06 March 2022

Which state?

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 06 March 2022

Other than special category state

Imthias ahamed Kormath (910 Points)
Replied 06 March 2022

Gst is Pan basic.so 20 lakhs in all india basic other than special category state.

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 06 March 2022

But if it is intrastate supply of goods then 40lakhs..

GST registration is mandatory for every person who is engaged in the exclusive supply of goods and his aggregate turnover exceeds Rs 40 lakh in a financial year. Earlier, the limit was 20 lakhs for a supplier of goods. However, the same was increased to 40 lakhs vide notification No. 10/2019-Central Tax, dated 07.03.