How many Annual Turnover is required for take New GST Registration Number in Service Provider as per GST LAw
Menu
GST Number Required
Replies (5)
Registration is mandatory if the turnover is >₹20 lacs (except special category states). Voluntary registration can be applied for even without crossing the turnover limit.
GST REGISTRATION IS OPTIONAL BUT NOT COMPULSORY. LETS TAKE AN EXAMPLE
A PERSON ENGAGED IN BUSINESS AND TURNOVER OF ONLY 50000 DURING A FINANCIAL YEAR IS NOT REQUIRED TO REGISTER UNDER THE GST ACT.
A PERSON ENGAGED IN BUSINESS AND TURNOVER OF ONLY 50000 DURING A FINANCIAL YEAR IS NOT REQUIRED TO REGISTER UNDER THE GST ACT.
For services turnover should exceed 20 lakhs rupees
You can take Voluntary registration if needed.
If turnover cross 20 lakh (except special category states) than mandatory to take GST registration, otherwise voluntary u can takeq
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
