8. When is GST Registration mandatory for an Educational institution? An Educational institution is liable to get GST registration if- The aggregate turnover exceeds the threshold limit of ₹ 40 Lakhs in a financial year. Inter-State supply of goods or services In all states where the...
The GST council in its 32nd meeting had surprisingly recommended that the Threshold limit for GST Registration shall be doubled to ₹40 Lakhs. The threshold limit was Read More 01 Jan 1970Posted By: E-StartupIndia No E-way bill generation without regular GST return filing Everyone...
40 lakhs and turnover limit for Composition Scheme is extended to Rs. 1.5 crore. Further, the benefit of Composition Scheme is extended to service providers also. New Return filing mechanism is introduced from April 1, 2019 on trial basis. All these initiatives will aid in making the new ...
40 lakhs or below are exempted to pay or collect tax on supply of their goods or services. (Rs. 10 lakhs for North Eastern and Hilly States) Earlier, the limit for turnover was Rs. 20 lakhs, however same was extended to Rs. 40 lakhs after the 32nd GST Council Meeting. What is ...
Otherwise, the default value for the Goods and Services Tax Identification Number (GSTIN) registration number is used.This feature is released in versions 10.0.15 through 10.0.19.Dynamics QR codes in Point of saleFor more information about this feature, see Generate QR codes and print them on...
All taxpayers required to pay tax under reverse charge have to register for GST and the threshold of Rs 40 Lakhs/10Lakhs is not applicable to them. Provision Applicable from 01.02.2019 onwards: The Central Goods and Service Tax (Amendment) Act, 2018has been put to effect from February 1, ...
Thus, it can be inferred that where the turnover of a registered person opting for composition scheme is up to Rs 50 Lakhs in the preceding Financial Year, he can supply services (other than restaurant services) up to a maximum value of Rs 5 Lakhs in the current Financial Year. Further ...
The GST council in its 32nd meeting had surprisingly recommended that the Threshold limit for GST Registration shall be doubled to ₹40 Lakhs. The threshold limit was Read More 01 Jan 1970Posted By: E-StartupIndia No E-way bill generation without regular GST return filing Everyone...
The GST council in its 32nd meeting had surprisingly recommended that the Threshold limit for GST Registration shall be doubled to ₹40 Lakhs. The threshold limit was Read More 01 Jan 1970Posted By: E-StartupIndia No E-way bill generation without regular GST return filing Ev...
The GST council in its 32nd meeting had surprisingly recommended that the Threshold limit for GST Registration shall be doubled to ₹40 Lakhs. The threshold limit was Read More 01 Jan 1970Posted By: E-StartupIndia No E-way bill generation without regular GST return filing Everyone...