How to differentiate Base year revenue with Revised Threshold limit?
What is Base year revenue? How does Revised Threshold limit work under GST regime? What are the difference between Base year revenue and Revised Threshold limit?
Under GST system, the following information explains about Base year revenue and Revised Threshold limit.
As per GST terms, Base year revenue means subject to the provision of sub-sections (2), (3), (4), (5) and (6), the base year revenue for a State shall be the sum of the revenue collected by the State and the local bodies during the base year. Revised Threshold limit means limit which allows the person to do business without obtaining registration under GST.
The details about Base year revenue and Revised Threshold limit with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Base year revenue and Revised Threshold limit, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Base year revenue and Revised Threshold limit separately below. You may kindly read the below links to know more about Revised Threshold limit and Base year revenue.
Base year revenue under GST
Revised Threshold limit under GST
The above information easily explains about Revised Threshold limit and Base year revenue.
We hope, you have satisfied with the difference between Base year revenue and Revised Threshold limit explained above. Do you have different thought on difference between Revised Threshold limit and Base year revenue?
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