GST Registrstion


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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?

06 April 2021 Exemption limit is 20 lacs as it will fall under services. Registration required under GST.

06 April 2021 yes you have to take the registartion


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