hello, I apply for Gst No. please help to Reason to Obtain Registration. I m a Bangle Shop
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Quick Summary
This discussion clarifies the reasons for obtaining GST registration, primarily focusing on exceeding turnover thresholds. It also touches upon the option of voluntary registration and how to select the correct reason for registration, whether for a bangle shop or a software company.
Uder GST, every dealer whose aggregate turn over exceeds the threshold limit shall be required to obtain registration. Once a taxable person is registered under GST Act,he is bound to pay GST, even if his turn over is below the prescribed limit.