Banshi is engaged exclusively in supply of taxable goods from three different states. The particulars of intra-state supplies for the financial year 2023-24 are as follows: State Turnover (₹) Tamil Nadu 6,00,000 Rajastha
CS Professional · Advanced Tax Laws · PYQS · June 2024
Banshi is engaged exclusively in supply of taxable goods from three different states. The particulars of intra-state supplies for the financial year 2023-24 are as follows: State Turnover (₹) Tamil Nadu 6,00,000 Rajasthan 13,00,000 Mizoram 15,00,000 (ii) If Banshi supplies only petrol and diesel from Mizoram instead of any other taxable goods, will your answer differ from (i) above.
Answer & Explanation:
(ii) In case, Banshi is making supply of non-taxable goods i.e., petrol and diesel from Mizoram, the applicable threshold limit will not be reduced to ₹ 10 lakh and therefore enhanced threshold limit of ₹ 40 lakh will be applicable. Thus, he is not liable to be registered under GST Law as his aggregate turnover is ₹ 34 lakh does not exceed the said threshold limit.
Topics: GST
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