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

[KASTURI SETHI]

Rs.two lakhs against supply of goods or service ? or about the provisions of Income Tax ? Pl. clarify.

[Kishan Barai]

In Supply of Goods & Services

[KASTURI SETHI]

If against exempted supply of goods and services, no GST applicable otherwise GST would be payable as per applicable slab rate.

AI Summary

GST applicability on single-recipient receipts: exempt supplies attract no GST, otherwise standard GST rates apply. Whether receipt of a specified monthly amount from one person/company attracts GST depends on the nature of the supply: receipts for exempt supply of goods or services are not subject to GST; receipts for non exempt (taxable) supplies of goods or services are subject to GST at the applicable rate.