Gst registration turnover exemption limt for service sector
sajeer k (accounts officer) (177 Points)
02 November 2020
what is the turnover limit for taking gst registration (service sector)
5 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 02 November 2020
For supply of service turnover limit is 20 Lacs , even if he is making Inter-state supply of service same was exempted up to 20 Lacs vide notification 10/2017 dated 13/10/2017 . ( check any amendments ) and confirm .
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 02 November 2020
If you are paying tax under RCM then compulsory registration as per section 24(iii) of the CGST act 2017,irrespective of the turnover .
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 02 November 2020
As per Section 22 it's 22 lac per annum.
but As Section 24 superseded the Section 22, so if you satisfied any condition prescribed in section 24 , then need to obtain mandatory Registration
but As Section 24 superseded the Section 22, so if you satisfied any condition prescribed in section 24 , then need to obtain mandatory Registration
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 02 November 2020
Sorry I mistyped 22 lac it's 20 lac
Rajagopal Thiruvarppu
(6 Points)
Replied 18 July 2021
What is the service gst liability of a dealer (below 10lakhs) and in trading turnover 50 lakhs. Both business done by same dealer, in trading goods paid gst. Can he avail gst exemption on service GST
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