Turnover Limit

Kalidass (Accountant) (196 Points)

09 February 2020

Hi

What is the limit of turnover for not taking GST and pay tax. If I am having GST, must I pay Tax even there is the below limit...

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8 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2020

Yes... If You have GST number then You will collect & pay tax from Rs 1.

1 Like

Kalidass (Accountant) (196 Points)
Replied 09 February 2020

Ok. But what is the limit for not taking GST..

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2020

The new threshold limit under GST Rs 40 lakhs (& 20 lakhs) for supplying GOODS...

For Service limit Rs. 20 lakhs...

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Kalidass (Accountant) (196 Points)
Replied 09 February 2020

Thank U. From which period the limit 40 lakhs?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 February 2020

From 1st April 2019...

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mayur (Commercial Analyst) (33 Points)
Replied 11 February 2020

If A URD Dealer Sells Services Like Accounting. How Does The Buyer Pay GST. Buyer If A GST Regd. Dealer.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 11 February 2020

Yes... Gst not applicable as rcm.

Kalidass (Accountant) (196 Points)
Replied 12 February 2020

Can you display order number for 40 lakhs turnover limitation.

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