Gst requirement or not for below 40lakhs in handloom saree

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Raghunath Kanike

Accountant

24 Points Joined May 2011

I m Raghu i am manufacturing handloom saree's and my turnover is 31 lakhs pa and already registered gst composition dealer but now gst limit 40lakhs if continues we need to pay GST or not i need to pay gst1% on 31lakhs r not plz suggest me

Thanks and regards

Raghu

Replies (1)

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

Yes As per Notification 10/2019, DTD.7/3/2019 the person exclusively in supply of Goods & whose aggregate Turnover in previous FY not exceeding 40 lac is not required to obtain Registration .

Hence can surrender your GDTN