GST Registration and Returns limit for a Partnership Firm

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Rahim

Business

35 Points Posted on 27 July 2020

Hello.

I want to know the Registration and Return filing under Composition Scheme and Turnover.

Business entity : Partnership Firm

Type of business : Trading in Agricultural Products like Potatoes, Onions and Vegetables etc.

Replies (3)

Quick Summary

This discussion clarifies GST registration and return filing for partnership firms, particularly those trading agricultural products. While many agricultural goods are GST-exempt, registration is mandatory if turnover exceeds Rs 40 lakh annually. For those voluntarily registering or exceeding the threshold, the composition scheme is an option if turnover is below Rs 1.5 crore and services are not supplied. This scheme involves quarterly CMP-08 and annual GSTR-4 filings. Standard GST registration requires monthly GSTR-1 and GSTR-3B filings, with an annual GSTR-9.

Jamil Ahmed

403 Points Posted on 28 July 2020

Normally agricultural products are not taxable. If your annual turnover is less than 1.5 crore, you may opt for GST registration under composition scheme. As a composition taxpayer, you will have to quarterly CMP-08 and annually GSTR-4 returns.

Bhavika Kothari

1012 Points Posted on 30 July 2020

Most of the agricultural products are exempted from GST. So if you are dealing with all exempted products then you need not register for GST. However, if you want to opt for GST registration then the option is readily available. But if you voluntary register under GST then it will be based on turnover. If turnover is less than 1.5 crore then you need to file CMP-08 on a monthly basis and GSTR-4 on annual basis. If turnover is more than 1.5 then GSTR-1 and GSTR-3B would be applicable

Tax Garden

Tax Consultant

2036 Points Posted on 18 June 2026

GST registration is mandatory for a partnership firm when aggregate turnover crosses Rs 40 lakh in a year (Rs 20 lakh for service-only businesses, Rs 10 lakh for special category states).

Once registered, the standard filing schedule is:
- GSTR-1: monthly by the 11th (or quarterly under QRMP for turnover below Rs 5 crore)
- GSTR-3B: monthly by the 20th (or quarterly under QRMP)
- GSTR-9: annual return by December 31 each year

A few practical points for new firms:
- Even if you are below the threshold, voluntary GST registration is useful if you supply to B2B clients who need ITC
- Partnership firms are not eligible for composition scheme unless turnover is below Rs 1.5 crore and you do not supply services (other than restaurant services)
- All partners with more than 10% stake must be listed in the GST registration application with their individual PAN and Aadhaar

This [partnership firm registration and compliance guide](https://taxgarden.in/blog/partnership-firm-registration-step-by-step-guide-india-2026) covers both the firm registration steps and the ongoing GST and income tax obligations.