I have contracted with a company and I have rented my car to them.
I have received 2200000 in the financial year 1819 in the form of rent
So should I take gst registration?
This is the question.
So yes, you will have to take registration as you have exceeded the limit of Rs 20 lakhs
3 Replies
Vijayprakash P
(1313 Points)
Replied 21 July 2020
You should take gst registration due to exceeds the threshold limit.
annu Goyal
(1102 Points)
Replied 21 July 2020
Yes, you have to take registration within 30days from date from which threshold limit of 20lacs exceeds
as 22lacs for whole year as dividing into month,
so in month in which exceed the limit within 30days you should take registration
as 22lacs for whole year as dividing into month,
so in month in which exceed the limit within 30days you should take registration
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 21 July 2020
Yes, You have to take registration within 30 days from date from which threshold limit of 20 lakhs exceeds.
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