GST registration threshold limit for F.Y. 23-24

For the financial year 2023-24, the Goods and Services Tax (GST) registration threshold varies depending on the state and the nature of your business. While the general limit for goods in some states is £40 lakh, for services it's typically £20 lakh. However, it's important to note that this isn't a uniform India-wide rule, and certain states have a lower threshold of £10 lakh. Additionally, compulsory GST registration may be required regardless of turnover in specific circumstances.