When do I register for GST?

This query is : Resolved

Akash (Querist)
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14 April 2024 I am a freelancer in service industry. I am expecting my turnover to cross Rs. 20 Lakhs in FY 2024-25. Do I have to register for GST at the start of the financial year or only when my turnover crosses Rs. 20 Lakhs? Also, will the GST be calculated on turnover in excess of Rs. 20 Lakhs or the total turnover for the financial year? Any guidance on this will be very helpful. Thank you.

ASHWANI DHANUKA

ASHWANI DHANUKA (Expert)
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14 April 2024 You are liable to take registration within 30 days from the day you have crossed 20lakhsT.O.
You need to pay gst on turnover above 20L

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 April 2024 just to add to what Ashwani ji said, only for the first year in which your turnover crosses Rs 20 lakhs that you need to pay the GST on turnover over and above Rs 20 lakhs. For the subsequent years, GST needs collected on all sale invoices. Have seen a lot of people make this error. So kindly avoid it.