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Turnover below limit in gst

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I  maintained a pharmacy shop.turnover below threshold limit.no gst registeration.

Which type of accounting books maintained.

If a person registered in gst act and I.t. act

If a person un registered in gst act and I.t. act.

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Businesses with an annual turnover of up to Rs 40 lakh are GST exempt. Initially, this limit was Rs 20 lakh. Additionally, those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1 per cent tax.

Hope this information helps you.

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businesses with a turnover of up to Rs 20 lakh is exempt from GST registration.

And the limit for hilly and northeastern states is Rs 10 lac.

For more GST guidance you can take expert guidance for GST registration and accounting book.

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