GST Requirements for Consultancy Firms

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This discussion clarifies GST registration requirements for sole proprietorship firms offering tax and financial consultancy in India. Generally, registration is not mandatory if gross output supply is below ₹20 Lakhs for the financial year, though exceptions exist for certain states.

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(Querist)
03 August 2023 Are sole proprietorship firm providing Tax / Financial consultancy services in India required to register under GST act if income is below Rs 20 Lakhs during the financial year
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 August 2023 Not mandatorily if gross output supply is below 20 lakhs in most of the states, not including specific states.
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Shweta

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Shweta (Querist)
03 August 2023 Thanks for the prompt response Sir
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 August 2023 You are welcome.
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