Jimmy's Vision

There is no circular issued by Uttarakhand Government regarding IGST exemption limit is amended from 10 lakh to 20 lakh , hence we are still paying IGST @ 18% if earning more than 10 lakh. Kindly provide me with the circular issued by Uttarakhand Government for the amended IGST exemption limit from 10 lakh to 20 lakh. It will help us to justify our IGST exemption limit.

As per your query with regard to the Exemption Limit of GST Registration for the state of Uttarakhand, we would like to inform you that it has been changed from Rs.10 Lakhs to Rs.20 Lakhs with effective from 1st April 2019.

Further to this, giving clarity on the same and as per CBIC website, it is specifically mentioned that the threshold limit of the aggregate turnover for exemption from Registration for suppliers of services would be Rs.20 Lakhs except the states of Manipur, Mizoram, Nagaland and Tripura, where the exemption limit is of Rs.10 Lakhs. Attached is the State wise GST Registration exemption limit for your reference.

The threshold limit of aggregate turnover for exemption from registration and payment of GST for supplies of service would be Rs.20 Lakhs and Rs.10 Lakhs (in the state of Manipur, Mizoram, Nagaland and Tripura). Similarly, the threshold limits of aggregate turnover for exemption from registration and payment of GST for the supplies of goods would be Rs.40 Lakhs and Rs.20 Lakhs (in the state of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura and Uttarakhand) W.E.F. April 1, 2019.

Advise you to further confirm/clarify the same with your Tax consultant as well.     


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Please visit - to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.