Search results
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 · Section 22: Every Supplier of goods or services or both required to obtain registration in the State or Union territory from where he makes taxable supplies if his annual aggregate turnover (PAN Based) Exceeds specified Limits. Annual aggregate turnover – Taxable supply + Exempt supply + Exports + Inter-state supplies under same PAN.
Jun 14, 2024 · AATO means the annual turnover of a business at PAN level with a few inclusions and exclusions. Also, a business whose aggregate turnover in a financial year exceeds Rs.40 lakhs (or Rs.20 lakh for special category states, Puducherry, and Telangana) has to mandatorily register under GST.
Subject: Clarification in respect of certain GST related issues - reg. Various representations have been received from taxpayers and other stakeholders seeking clarification in respect of certain issues pertaining to GST laws.
Apr 15, 2020 · As per section 22 (1) of CGST Act, every supplier shall be liable to be registered in the State or Union Territory (other than special category states) from where he makes supply of goods or services or both, if his aggregate turnover in a financial year exceeds Rs. 20 lakhs.
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 ...
May 3, 2024 · Understand the GST registration limit and the turnover threshold. Learn about the latest changes, exemptions, and benefits for small businesses.
