Assistant Manager (Accounts & Indirect T
103 Points
Joined July 2011
1) NO. PROVISIONAL ID NOT REQUIRED.
2) THRESHHOLD LIMIT IS RS. 20LKH. APERSON WHOSE AGREGATE TURNOVER IN A FINANCIAL YEAR EXCEEDS RS. 20 LAKHS FOR SUPPLY OF GOODS OR SERVICES IS LIABLE TO OBTAIN REGISTRATION.
3) IN CASE OF SPECIAL CATEGAORY STATE, THE SAID TURNOVER LIMIT IS RS. 10 LAKH.
4) HOWEVER FOLLOWING PERSONS WILL OBTAIN GST REGISTRATION IRRESPECTIVE OF THRESHHOLD LIMIT.
A) INTER STATE PURCHASE / SALE
B) WHO IS REQUIRED TO DEDUCT TDS UNDER SEC 46 OR COLLECT TCS UNDER SECTION 56
C) ELECTRONIC COMMERCE OPERATOR
D) INPUT SERVICE DISTRIBUTOR.
IF GST IS UNDER REVERSE CHARGE, MOST OF THE SUPPLIERS WILL HAVE TO TAKE GST REGISTRATION EVEN THOUGH THEY ARE BELOW THE THRESHOLD LIMIT OF RS. 20 / 10 LAKHS.