GST Requirements for Consultancy Firms


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Quick Summary
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.

(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

03 August 2023 Not mandatorily if gross output supply is below 20 lakhs in most of the states, not including specific states.

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

03 August 2023 You are welcome.


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