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I have an ready-made cloth store. My turnover is 15 lakhs per year. Is there nessecity of registering my shop under GST.
Replies (10)
If you are registered under any of the existing acts then yes otherwise since your turnover does not exceed 20 Lakhs then no.
Not required as your turnover is Rs.20 lakh
Less than Rs.20 lakh
Registration is compulsory if you are registered under any of the existing acts irrespective of the turnover of your business. You can cancel it later if the turnover does not exceed Rs. 20 Lakhs.
if you are already registered than migrate into GST
Or else wait for turnover to reach 20 Lacs
Have you tin number?
If you sale your goods outside your state also then irrespective of turnover you have to register.
Hello everyone,
i will be starting a new business of selling & Purchasing of garments..i currently dont have any TIN no...and i am looking forward for registration of TIN no....please guide me whether should i wait till july or get myself registered.
i will be starting a new business of selling & Purchasing of garments..i currently dont have any TIN no...and i am looking forward for registration of TIN no....please guide me whether should i wait till july or get myself registered.
Wait for some time if you can or your turnover is below 2000000/- because till now GST is expected to implement from July.Â
If u registered now for TIN then u have to migrate fully from VAT to TIN
If u registered now for TIN then u have to migrate fully from VAT to TIN
Thank you madam
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