The GST Council increased the
threshold limits for GST registration. This helps you in compliance under
GST. The states have an option to opt for a higher limit or continue with the
existing limits. This article explains the new limits, their effective date of
applicability and the persons to whom it applies.
New Limits – For Sale of Goods
Exceeds Rs.40 lakh – Registration
is required for normal category states from 1st April 2019
Exceeds Rs.20 lakh – Registration
is required For Special category states from 1st April 2019
States in which limit of Rs.10 lakhs applicable for Goods and Services
States in which limit of Rs.20 lakhs applicable for Goods and Services
States in which limit of Rs.20 for Services and Rs.40 lakhs for Goods
Suppliers of goods must be supply goods within the respective States only.
Note: There has been no change in Threshold limits for Service Provider.
Tags:Income Tax, GST
GST