Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Exemption for Less than 20 Lakh Turnover

02 July 2017

There are news reports all over the Internet from mainstream newspapers that govt has decided to extend 20 Lakh exemption limit to e-commerce sellers as well. Could somebody please Confirm. Is it temporary waiver or permanent? I read this in TOI, DNA and The Hind?

Reply
Follow
Share

3 Replies

Harsh (Home) (91 Points)
Replied 02 July 2017

The provision is like that any dealer sells product through e-commerce, can't opt composition scheme.

Upgrade to CAclubindia Pro. Subscribe Now!

Mayank Gupta (370 Points)
Replied 02 July 2017

I know that. I am asking about exemption from GST registration. Earlier online sellers had to register for GST even for Rs 1 sale. However I read it recently that govt is also allowing online sellers with turnover of less than 20 Lakhs to not register for GST.