If a business turnover is 30 lakhs then gst needed or not

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Accountant
250 Points Posted on 15 June 2021

Dear all,

I want to know at which turn over GST registration is mandatory.

Is it above 20 lakhs or 40 lakhs?

 

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On 15 June 2021 at 16:04 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) registration threshold for businesses in India. For businesses dealing in goods, the mandatory registration turnover limit is 40 lakhs. However, for service providers, this threshold is lower, at 20 lakhs. It's important to note these different limits based on the nature of your business activities.

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CMA
13117 Points Posted on 15 June 2021

For businesses, threshold limit is 40 lacs.

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On 15 June 2021 at 16:06
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Accountant
250 Points Posted on 15 June 2021
Originally posted by : CMA Poornima Madhava
For businesses, threshold limit is 40 lacs.

This is for service agency also???

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On 15 June 2021 at 16:17
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GST Consultant
15986 Points Posted on 15 June 2021
For service providers it is 20 lakhs
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On 15 June 2021 at 16:24
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2742 Points Posted on 15 June 2021
From which state you belong
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On 15 June 2021 at 16:39
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Chartered Accountant
24588 Points Posted on 15 June 2021
For goods 40 lakhs and for services limit is 20 lakhs
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On 15 June 2021 at 18:38

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