One of my client is having a Pan palour without GST registration in Ahmedabad & he has filled his return on Presumptive taxation under 44AD as his gross receipts is with in the limits & most of the receipts were in digital form
My question is if his Turnover for the FY 23.24 will upto 40 to 45 lakhs i.e within in the limit of 44AD & filled ITR 4 for the same. shall GST registration will be attracted as we have reported more than 40 lakhs sales in ITR.
As per my opinion Yes, he will be liable for GST registration. According to the GST laws Since his turnover is between Rs. 40 to 45 lakh, which exceeds the threshold limit.
CAclubindia
