Tax on Value
Kalidass (Accountant) (196 Points)
25 October 2018
Is there any limit to exempt to collect Tax on sale value for retailers. (Ex: upto 1000 rupees).
2 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 25 October 2018
There is no such provision.
If you have registered under GST then no threshold /limit on amount is prescribed to collect tax. However, need not issue invoice if the value is less than 200 Rupees.
If you have registered under GST then no threshold /limit on amount is prescribed to collect tax. However, need not issue invoice if the value is less than 200 Rupees.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 25 October 2018
No.......... there is no such limit. you have to charge GST if its taxable goods & collect tax .
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