Does GST Registration required for dairy business having turnover 60 lakh?
Assesses running dairy having turnover 60 lakh. 55 lakh for dairy product (exempt) & 5 lakh for chocolate etc (taxable). Does GST Registration required and if required can he opt for composition?
Under gst…if your aggregate turn over exceeds 20 lakh… libel to register. aggregate turn over definition includes… taxable sullies exempt sullies exports of goods /services interstate supplies of a person having the same PAN. so as per your question. you are liable to register you are not eligible for composition scheme since the definition of aggregate turn over is same. limit for composition is 50 lakh.