How many rupees turnover is allowed in GST
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Hey mate!! Here is your answer...
A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states. Also, the definition of taxable turnover has been changed to aggregate turnover.
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A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states. Also, the definition of taxable turnover has been changed to aggregate turnover.
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vanshsingal:
20 lacs turnover should be in cash or through bank. I.e purchase and sale should be in cash or through bank
by bank
Answered by
1
... The turnover of up to Rs 20 lakhs is completly exempted from GST
20 lacs turnover should be in cash or through bank. I.e purchase and sale should be in cash or through bank
by bsnk
Sorry bank
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