GST exemption limit for professional
Sakthivel K (GST / Accountant) (143 Points)
31 August 2019
Please clarify the GST exemption limit for professionals...Is there limit?
3 Replies
Shivam RC
(Student)
(23683 Points)
Replied 31 August 2019
There is no different exemption limit of GST Registration for Business and Profession.
Rs. 20 lakhs is the Turnover threshold limit for GST Registration.
However, for Dealers dealing in EXCLUSIVE SUPPLY OF GOODS , for them the threshold limit is Rs. 40 lakhs.
Rs. 20 lakhs is the Turnover threshold limit for GST Registration.
However, for Dealers dealing in EXCLUSIVE SUPPLY OF GOODS , for them the threshold limit is Rs. 40 lakhs.
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