EXEMPTION LIMIT OF SERVICE PROVIDER

[NIRAJ NIRALA]

Where GST Registration limit is enhanced to 40lacs in case of Contract labour supplier

[KASTURI SETHI]

Threshold exemption limit for services is ₹ 20 lakhs and for composition Scheme for services it is 50 lakhs. ₹ 40 lakhs is for goods and that too not in every State.

[Venkataprasad Pasupuleti]

40Lacs threshold limit is only if suppliers are exclusively into supply of goods.

AI Summary

GST threshold for services clarified: distinct service registration limit and separate goods-only threshold affect supplier registration and composition eligibility.
GST thresholds differ by supply and scheme: general exemption for services is Rs. 20 lakhs, composition ceiling for services is Rs. 50 lakhs, and a Rs. 40 lakhs threshold applies to goods in some States only where the supplier deals exclusively in goods.