Shubham Sogani (45 Points)
24 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 24 June 2017
Earlier threshold limit was 50 lacs but recently in one of the council meetings it was revised to 75 lacs.
Rate for mfr is 2%
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 24 June 2017
(a) one per cent. of the turnover in State or turnover in Union territory in case of
a manufacturer,
(b) two and a half per cent. of the turnover in State or turnover in Union territory
in case of persons engaged in making supplies referred to in clause (b) of paragraph 6
of Schedule II, and
(c) half per cent. of the turnover in State or turnover in Union territory in case of
other suppliers,
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 24 June 2017
CAclubindia
