Question regd gst registration. appreciate some help

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Director
21 Points Posted on 26 June 2018

We are starting a partneship firm. We intend to purchase medical products from Haryana and sell them in Telangana. We have all the required licenses.

Our turnover will be less than 20 Lakhs so should we register under GST or not?

What are the pros and cons of registering under GST.

Really appreciate your help.

Thank you.

 

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On 26 June 2018 at 11:51 Report
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Accountant
314 Points Posted on 26 June 2018
Yes you have to take GST registration since you are engaged in interstate supply of goods. Threshold limit is applicable for supply within same state. GST registration is compulsory for purchasing and selling of good from other state irrespective of turnover
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On 26 June 2018 at 12:28

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