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Threshold limit for gst

pallab saikia (SERVICE) (96 Points)

21 August 2018

Hi, Can u provide me the increase of GST threshold limt for North Eastern States.

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8 Replies

Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 21 August 2018

Rs 10 lakhs in previous financial year

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Amit (CA Practice ) (107 Points)
Replied 22 August 2018

Sir

A person has tunover of Rs 200000 for April to Jun 2017 and Rs 1600000 for July 17 to March 18 . Has he crossed the threshold limit for GST ?

With Regards

Amit

pallab saikia (SERVICE) (96 Points)
Replied 22 August 2018

Sir,

Can you provide me the notification for reducing the limit.

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Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 22 August 2018

In North eastern states it has crossed the limit. Rest of India he hasn't.

There is no notification for that you need to read and understand registration of GST section 22 of CGST Act 2017

Amit (CA Practice ) (107 Points)
Replied 22 August 2018

Sir

Thankyou

Amit

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Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 22 August 2018

You are most welcome

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 22 August 2018

22. Persons liable for registration.

[1] Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees:

Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees.

pallab saikia (SERVICE) (96 Points)
Replied 23 August 2018

Hi,

In Assam State, A person has registered with GST when the threshold limit was Rs.10.00 Lac., now the threshold limit enhance to 20.00 Lac(equalise with rest of India). Should he surrender his registration now, as his annual tourn over in between 10.00 to 12.00 lacs.