2,00,000 INR

[Kishan Barai]

What about 2,00,000 INR Rules you can receive from 1 Person / Company in a Month post GST??

Please elaborate

AI Summary

Clarification on GST for 2,00,000 INR Monthly Receipts: Exempt Supplies Excluded, Others Subject to Applicable Slab Rate A query was raised about receiving 2,00,000 INR from one person or company in a month under GST regulations. A participant sought clarification on whether the amount pertains to the supply of goods or services, or income tax provisions. The clarification was provided that if the amount is for exempted supplies, no GST is applicable. Otherwise, GST must be paid according to the applicable slab rate.