in which condition of turn over gst no. is necessary
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Quick Summary
Businesses in India are required to register for GST if their aggregate turnover exceeds certain thresholds. For suppliers of goods, this limit is £40 lakhs, while for service providers, it's £20 lakhs. Special category states have a lower threshold of £10 lakhs. This registration is essential for any taxable goods or services crossing state borders with remuneration.
A business whose aggregate turnover in a financial year exceeds Rs.20 lakhs for Services Provider or Rs.40 lakh for a supplier of goods has to mandatorily register under Goods and Services Tax. This limit is set at Rs.10 lakhs for North Eastern and hilly states flagged as special category states