How to differentiate Threshold limit with Taxable Territory?
What is Threshold limit? How does Taxable Territory work under GST regime? What are the difference between Threshold limit and Taxable Territory?
Under GST system, the following information explains about Threshold limit and Taxable Territory.
As per GST terms Threshold limit means limit which allows the person to do business without obtaining registration under GST and “Taxable Territory” means the territory to which the provisions of Central Goods and Service Tax Act, 2017 apply.
The details about Threshold limit and Taxable Territory with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Threshold limit and Taxable Territory, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, We give below web links on Threshold limit and Taxable Territory separately below. You may kindly read the below links to know more about Taxable Territory and Threshold limit.
What is Threshold limit under GST
Meaning of term Taxable Territory under GST
The above information easily explains about Taxable Territory and Threshold limit.
I hope, you have satisfied with the difference between Threshold limit and Taxable Territory explained above. Do you have different thought on difference between Taxable Territory and Threshold limit?
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