is section 8 companies who is doing social works are liable to get registered under gst act ?? please refer section also if possible.
thanks
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Quick Summary
This discussion clarifies whether Section 8 companies, even those engaged in social work, are liable for GST registration. Registration depends on the company's transactions, not its profit motive. If your Section 8 company crosses the GST threshold limit, especially through donations or other economic activities, you are likely required to register. For definitive advice, consulting an expert is recommended.
Getting registered under GST is depend upon the transactions of an entity. Motive of profitability will not deal. N number of companies registered under Section 8 of Comapnies act has been taken registration under GST Act.
Trusts, societies, and Section 8 companies are considered taxable persons under GST if they do not engage in economic activity, such as trade or commerce.
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