Threshold limit for Registration : Exclusively supply of Goods it's 40 Lac & for Service Provider it's 20 lac .
Now come Section 22 ,3rd provsio being inserted by Finance (No.2) Act 2019, under Subsection (1) : Govt may at request of state on recommendation of Council , enhance the Aggregate Turnover from 20 lac to 40 Lac in case of supply of Goods. The same being Effective by issuing Notification 10/2019 CT .
For Special category state limit is Rs. 10 Lakh (From 01-02-2019 apply only to 4 States only)
From 1st of April 2019 supplier supplying exclusively goods then limit is Rs. 40 Lakhs from any state except special category states but including Jammu and Kashmir (Notification No. 10/2019)
Leave a Reply
Your are not logged in . Please login to post replies