What is the GST exemption limit for consultancy fees? 20 lakhs or 40 lakhs?

Hello Sir,

Your CA is correct.

The increased limit is applicable only for sale of goods. For service providers limit continues to be Rs 20 lakh.

Hello,

The limit for taking GST registration for a service provider is Rs. 20 Lakhs. The limit was increased for supplies of goods only up to Rs. 40 Lakhs through Notification No. 10/2019-Central Tax. You can verify the notification which specifically states the limit is set for a person "who is engaged in exclusive supply of goods".

I hope that this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Hi

Your CA is correct. Enhanced limit is only available for supplier of goods.

For supplier of services, it is 20 lacs only.

Refer to Notification 10/2019 - Central Tax.

Dear Sir,

Hope you are doing well !!

Your CA's understanding is absolutely correct.

Notification No. 10/2019-Central Tax:

The enhanced limit is only applicable for supplier of goods.

The threshold for registration for service providers is Rs 20 lakhs only.

Yes. For services, it is 20 lacs.

Please check official notification. It is very clear.

Yes, it is confirmed hereby. Please verify the same in the notification specified in the above answer.

Yes, it is 20 lakh for service providers.

You can check the same with Notification No. 10/2019-Central Tax.

Since you are providing services the limit applicable is Rs. 20 lakh and not Rs. 40 lakh.

https://www.taxontips.com/category-goods-services-tax-gst-registration/

This is the notification number: Notification No. 10/2019-Central Tax dated 7th March, 2019

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Thank you.

Hello,

GST exemption limit for service providers is 20 Lakhs only.

40 lakhs limit was raised for the traders in goods.

Thanks 

Damini

It is 20 lakh for service providers.

- In case of services, threshold limit for GST registration is Rs.20 lacs and not Rs.40 lacs. You should raise a proper tax invoice to the company and file the returns on monthly and quarterly basis.

- I may assist you in GST registration and filing of GST returns.