Today news paper news ,
no registration require for turnover below 40 lakh
doubt.
how the gst dept conclude the dealer have only turnover below 40 lakh
how the dealer make purchase on his name or fake name or firm name.
should any rule like that dealer have to keep all the accounts to state that turnover is below 40 lakh
please reply
first of all 4 0 Lacs limit depends whether selling is goods or services only for goods limit is increased not for services
also limit increasing is in the hands of states
NO... only in case of Goods..
It depends also upon each state to accept the amendment and choose to keep 20 lakhs or increase it to 40 lakhs.
CAclubindia
