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Gst registration of grocery shop business

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zishan mandli

203 Points Posted on 16 June 2021

what if grocery shop crosses its turnover over 40 lacks...?
is it compulsory to register under gst ???

thanks in advance

Replies (2)

Quick Summary

If your grocery shop's turnover exceeds the £40,000 threshold, GST registration becomes compulsory. This applies unless you exclusively trade in exempted goods. Ensure your business complies with GST regulations by registering when required.

CMA Poornima Madhava

CMA

13117 Points Posted on 16 June 2021

Yes, such shops are required to compulsorily register on crossing the threshold limit of turnover (unless these are into trading of only exempted goods).