GST EXEMPTION LIMIT FROM 01.04.2019 INCREASED TO RS 40.00 LACS
CBIC in its Notification no 10/2019 issued on 07.03.2019 , said that Any person who is engaged in the exclusive supply of goods and whose aggregate turnover as per GST LAW does not exceeds Rs Forty Lacs , as the category of persons exempt from registering under GST .This Change in GST registration limit will provide big relief to small taxpayers
Persons on which the above exemption will not be applicable are as follows :
a) Person who is required to take compulsory registration under GST as per Section 24 of the GST Act.
b) Person engaged in the supply of specified goods namely ; Ice Cream and other edible ice whether or not containing Cocoa, Pan Masala, All goods of Tobacco and tobacco substitutes.
c) persons engaged in making intra-State supplies in the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, Uttarakhand
d) Person who wants to take voluntary registration under the Act as per Section 25(3) of GST Act or such persons who intends to continue registration after 01.04.2019.
GST registration limit of Rs 40 Lacs will not apply to those persons who are engaged in supplying goods or services or both.It will be applied only if the person is engaged exclusively in supply of goods
Refer Official Notification Here :