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Registration Require

shailesh (ca student) (296 Points)

08 December 2021

Dealing in book which turnover is 60 lakh in previous year is liable to register under GST ?

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Raj Kashyap (32 Points)
Replied 08 December 2021

Yes,you are liable to register under gst as you have crossed the threshold limit of Rs. 40 Lakh(in case of goods and Rs.20lacs in case of services.)
If you are a inter state supplier then there is no threshold limit,registration is compulsory.

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shailesh (ca student) (296 Points)
Replied 08 December 2021

But book is exempt in GST

Raj Kashyap (32 Points)
Replied 08 December 2021

If you are dealing only in books such as text books or books for the disabled (which are exempt).
Then registration is not required.
Stationery item is not exempt.