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TMI BlogGST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOMEX X X X Extracts X X X X X X X X Extracts X X X X ..... GST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOME X X X X Extracts X X X X X X X X Extracts X X X X ..... erty ). Now, He intends to take works contract, whether he has to collect GST since he is already having GST Registration ( even if his turnover under Income from Business does not exceed threshold limit ). Reply By PAWAN KUMAR: The Reply: Dear Sir, As per my view, since the person already having GSTIN and paying GST on rental. Any new supply of service to be added to GSTIN certificate only. N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o separate turnover to calculate for this purpose. Aggregrate turnover should be above threshold limit for obtaining GST registration. Reply By KASTURI SETHI: The Reply: Threshold exemption limit is ₹ 20 lacs for both services collectively. You are required to pay GST from the day one in respect of Works Contract Service, being already registered. Get registration certificate amended by a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dding Works Contract Service within 15 days.
Reply By Ganeshan Kalyani:
The Reply:
Turnover includes all supplies made by a taxpayer. Aggregate turnover is considered for determining the applicability of registration under GST. Since you have registration number you have pay GST on all taxable supplies.
Reply By DR.MARIAPPAN GOVINDARAJAN:
The Reply:
I endorsed the views of experts. X X X X Extracts X X X X X X X X Extracts X X X X ..... sion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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