Friday, 13 October 2017

Threshold limit for GST Registration is also applicable for Persons making Inter-State Supplies of Services

Threshold limit for GST Registration is also applicable for Persons making Inter-State Supplies of Services

.
The Central Government, on the recommendation of the GST Council, today notified that persons making inter-State supplies of services having TO above 20 Lakhs are bound to obtain registration under the new Goods and Services Tax (GST) regime.
.
The Notification stated that the persons making inter-State supplies of taxable services and having an aggregate turnover, to be computed on all India basis, not exceeding an amount of twenty lakh rupees in a financial year as the category of persons exempted from obtaining registration under the said Act:
.
“Provided that the aggregate value of such supplies, to be computed on all India basis, should not exceed an amount of ten lakh rupees in case of “special category States” as specified in sub-clause (g) of clause (4) of Article 279A of the Constitution, other than the State of Jammu and Kashmir,” it said.
.
DOWNLOAD the full text of the Notification below.
.

DOWNLOAD NOTIFICATION

No comments:

Post a Comment