Gst registration ....

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203 Points Posted on 31 May 2021
turnover crosses 40 lacks and working as a commission agent...is it compulsory to take gst number ??
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On 31 May 2021 at 19:12 Report
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If your turnover as a commission agent exceeds 20 lakhs, GST registration is compulsory. This is mandated by Section 22 of the CGST Act, which requires registration when aggregate turnover crosses this threshold. Furthermore, specific provisions under Section 24(vii) make registration compulsory for agents falling under the defined category, regardless of turnover.

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GST Consultant
15986 Points Posted on 31 May 2021
Yes it is compulsory. It was already compulsory when your commission turnover crossed 20 lakhs
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On 31 May 2021 at 20:08
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Chartered Accountant
24588 Points Posted on 31 May 2021
Yes it is compulsory to take Registration
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On 31 May 2021 at 20:26
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GST Practitioner
55067 Points Posted on 31 May 2021
Yes in term of Section 22 of CGST Act , you are liable to obtain Registration if your aggregate turnover exceeds 20 lacs
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On 31 May 2021 at 22:48
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2742 Points Posted on 01 June 2021
Yes , you are required to take GST registration
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On 01 June 2021 at 10:21
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3924 Points Posted on 01 June 2021
For Agents compulsary registration as per section 24(vii) of the CGST act 2017 , if they fall in the definition of Agent as per section 2(5) of the CGST act 2017
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On 01 June 2021 at 14:12
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203 Points Posted on 01 June 2021
Thanks a lot to all of you sir....
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On 01 June 2021 at 15:37
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Chartered Accountant
24588 Points Posted on 01 June 2021
Your welcome
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On 01 June 2021 at 21:39

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