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May 27, 2024 · The GST Council raised GST registration threshold limits based on the demands of MSME in the 32nd meeting on 10th January 2019. The article discusses earlier and new limits, including requirements by category, states opting for new limits, and the financial year for aggregate turnover calculation.
Feb 27, 2024 · Understand GST registration requirements with Section 22, 24, and 23 explained. Learn thresholds, exemptions, and obligations for businesses under the GST regime.
Why the GST Council recommended biometric-based Aadhaar authentication for new registrations: Explained
The story so far: On June 22, the GST council recommended introducing biometric-based Aadhaar authentication for GST registrations ...
The Hindu
7 days ago
GST simplified compliance, improved tax buoyancy; fake ITC generation still a challenge
Rolled out on July 1, 2017, Goods and Services Tax (GST) streamlined 17 taxes and 13 cesses into a 5-tier structure, simplifying the tax regime. The turnover</ ...
CNBC Awaaz
3 days ago
Jun 14, 2024 · A must register under GST because his aggregate turnover exceeds the threshold limit of Rs. 40 lakh. Further, Mr. A does not have the option to register as a composition dealer because this aggregate turnover exceeds the threshold limit of Rs.1.5 crore.
Jan 28, 2024 · The threshold limit prescribed under section 22(1) is Rs. 20 lakh in a F.Y. i.e. every supplier, whose aggregate turnover in a financial year exceeds Rs. 20 lakh, is liable to be registered under GST in the State/ Union territory from where he makes the taxable supply of goods and/or services.
May 3, 2024 · Understand the GST registration limit and the turnover threshold. Learn about the latest changes, exemptions, and benefits for small businesses.
2 days ago · In special category states, the GST turnover limit for service providers is Rs. 10 lakhs. Goods Suppliers: Any person who is engaged in the exclusive supply of goods, whose aggregate turnover crosses Rs. 40 lakhs in a year is required to obtain GST registration. 2.2 The following categories of persons are required to be registered under the GST ...
1 day ago · July 2, 2024. The minimum turnover limit for GST is the limit exceeding which it becomes mandatory for businesses to meet GST compliances. This includes GST registration, GST payment, and GST return filing. It is calculated as aggregate annual turnover which adds up the values of inward and outward taxable, tax-exempted, export, and interstate ...
A debit note dated 07.07.2021 is issued in respect of the original invoice dated 16.03.2021. As the invoice pertains to F.Y. 2020-21, the relevant financial year for availment of ITC in respect of the said invoice in terms of section 16(4) of the CGST shall be 2020-21.
Dec 6, 2023 · In a fiscal year, the threshold limit for GST registration is Rs 20 lakhs / 40 lakhs. However, in certain states, the registration fee is reduced to Rs 10 lakhs. Learn more on Tax thresholds limits and due dates for IT, GST, TDS and other at Tax Threshold Limits & Due Dates. Aggregate Turnover.
May 24, 2024 · Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration. For certain businesses, registration under GST is mandatory.
