This discussion clarifies GST applicability for Farmer Producer Companies (FPCs). It explains that GST registration is mandatory if an FPC's turnover exceeds the prescribed limit or if it engages in inter-state supplies. The form of business, such as a Private Limited Company, doesn't restrict GSTN applicability, and seeking advice from tax professionals is recommended for optimal business structure.
15 January 2024
GST registration is required for those businesses whose aggregate turnover crosses the prescribed limit or such business that does the inter-state supply of goods/services. So every company has to check whether it supplies goods to different states or qualifies for the prescribed turnover limit or any other conditions as specified under GST laws.