sirs
good evening
Thankyou for the offer
we want to start a small boarding and lodging unit veg with five rooms.(maiden project)
upto 20 Lakhs turnover no gst or what is the limit.
pl elaborate the rule,
K Paramasivam
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sirs
good evening
Thankyou for the offer
we want to start a small boarding and lodging unit veg with five rooms.(maiden project)
upto 20 Lakhs turnover no gst or what is the limit.
pl elaborate the rule,
K Paramasivam
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Sir, in this regards, as you have not mentioned in which state you wish to start the said unit, then too the following will help you.
However, small businesses having all India aggregate turnover below ₹ 20 lakh (10 lakh if business is in Assam, Arunachal Pradesh, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, Sikkim, Meghalaya, Nagaland or Tripura) need not register. The small businesses, having turnover below the threshold limit can, however, voluntarily opt to register.
Our expert may correct me if mistaken.
I concur with the views of Sh.Alkesh Jani, an expert.
You may also get yourself registered under Composition Scheme.
If turnover is below the prescribed threshold registration is not required as rightly said by experts collegue .Thanks .
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