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gst registration
dear all, I'm going to start training and job consultancy. turn over come around 5 lacs PA.. GST registration compulsory or not required... thanks in advance
Replies (4)
Not Compulsory
Not Mandatory since it is mandatory for turnover above 20 lakhs only...
you are well within the prescribed limit...
you are well within the prescribed limit...
Gst registration not required..
GST registration not required. Please refer here.
When your business turnover exceeds ₹ 40 Lakhs (₹ 20 Lakhs for North Eastern and hill states) then it is mandatory to take a GST registration.
[Note: Registration is not applicable if the turnover consists of only exempted goods/services which are exempt under GST, but if it is mix of taxable and non-taxable then a registration is required.]
Source : https://www.cfoangle.com/gst-registration-related-services/
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