If your restaurant business had a turnover of 42 lakhs in the financial year 2020-21, you are required to register for GST. The general exemption limit for goods is 40 lakhs, but for services, it is 20 lakhs. As a restaurant business falls under services, exceeding the 20 lakh threshold makes GST registration compulsory.
06 April 2021
I am having restaurant business, having a turnover of 42 lacs in fy 2020-21.is it compulsory to register GST? If so what are the procedure exemption limit 20 or 40 lacs?