While Calculating 20 lacs/40 lacs Limit, we take into account turnover of all branches (and not single branch)
Chapter 8 GST Registration
Last updated at April 16, 2024 by Teachoo
While Calculating 20 lacs/40 lacs Limit, we take into account turnover of all branches (and not single branch)
How to Calculate 20 lacs 40 lacs Limit A Shopkeeper has 2 Branches Delhi Branch Mumbai Branch Turnover 30 lacs Turnover 15 lacs Whether Registration Required? Total Turnover of both branches =30 lacs+15 lacs=45 lacs It is more than 40 lacs So registration required A Shopkeeper deals in Fruits (Exempt Items) A Shopkeeper deals in Fruits and Fruit Jams Turnover 50 lacs Turnover 50 Lacs Whether Registration Required Whether Registration Required No Registration Not Required as Purely dealing with Exempted items Yes For Registration, we take total of Exempt+Taxable items (Exempt Items) (Taxable Items)