Limet for gst registration
Prakash Chandra (191 Points)
12 June 2022
what's is the limit for GST registration
23 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 12 June 2022
Within one month from the date when turnover exceeds registration limit
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 12 June 2022
It's 20 lakhs in case of services and 40 lakh in case of goods
sabyasachi mukherjee
(27593 Points)
Replied 12 June 2022
Let's explain the crux of gst registration when it is required
1.as per Sec 22(1) of cgst act every person shall be liable to be registered in the state or union territory if his aggregate turnover exceeds rs.20 lakhs.In case of special category states registration is required if his aggregate turnover exceeds 10 lakhs . first provision to Sec 22(1) of cgst act. 2018.
1.as per Sec 22(1) of cgst act every person shall be liable to be registered in the state or union territory if his aggregate turnover exceeds rs.20 lakhs.In case of special category states registration is required if his aggregate turnover exceeds 10 lakhs . first provision to Sec 22(1) of cgst act. 2018.
MPR Sanjay Kumar
(3118 Points)
Replied 12 June 2022
For example if my turnover is below 20 laks which means 5 laksh only means ...I want to desire to take GST ....is it possible???
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 12 June 2022
Yes. Voluntarily registration is very much allowed
MPR Sanjay Kumar
(3118 Points)
Replied 12 June 2022
I have one doubt , typically what is the due dates of Income Tax for various in a year?
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 12 June 2022
Tds payment monthly, Tds filing quarterly, Advance Tax in 4 installments and ITR filing once in a year
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
Even if your turnover is below 20 lakhs, you can voulntarily register under GST.
MPR Sanjay Kumar
(3118 Points)
Replied 13 June 2022
Tax audit is applicable for salaried persons??? individual
MPR Sanjay Kumar
(3118 Points)
Replied 13 June 2022
Only for business and professional mam?? TAX AUDIT
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
Yes, only in case of business & profession you are required to do audits.
sabyasachi mukherjee
(27593 Points)
Replied 14 June 2022
No audit are required in specified cases as mentioned in Sec 44ADA AND OTHER SPECIFIED NATURE OF ASSESSES.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 14 June 2022
Even in case of Business/ profession , Audit is not required in few cases but tax audit applies only for PGBP cases
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