78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report a minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO)
GST registrationis mandatory for businesses that meet the prescribed turnover threshold, regardless of whether they accept UPI payments. 6. What is the turnover threshold for mandatory GST registration in India for UPI merchants? As per current GST regulations, businesses with an annual turnover exc...
The registration under gst is compulsory whose turnover is? Registration under GST is mandatory for all businesses whose annual turnover exceeds Rs 40 lakhs in a financial year. This threshold is Rs 20 lakhs for special category states such as Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizora...
GST registration is mandatory for business turnover of above 20 lakhs, those who are not registered under GST will not be allowed to claim input tax credit (ITC). Bro4u is an online platform that offers quick and affordable GST services in Bangalore. Our professionals provide services to make...
It is a Momento for all the businesses operating in India if the annual turnover of any business is more than Rs. 100 Crore then the supplier is required to generate the e-invoice for every sale. E-invoicing will be mandatory for such business from 1 April 2020. The provision will ...
There are two more significant GST updates regarding New Changes in TCS on Overseas Travel Packages and e-invoicing will be mandatory for businesses with an AATO of Rs. 5 Cr. from August 1, 2023, GSTN has enabled all eligible taxpayers on all six IRP portals including NIC-IRP for e-Invo...
Is GST mandatory? In the GST Regime, businesses whose turnover exceeds Rs. Forty lakhs (Rs 10 lakhs for NE and hill states) must register as an average taxable person. This process of registration is called GST registration. For individual businesses, registration under GST is mandatory. ...
As we all know that GST registrations are mandatory for anyone with an aggregate turnover, in a financial year exceeding Rs.20 lakhs or Rs.40 lakh for a supplier of goods has to mandatorily register under Goods and Services Tax. For all those who might have a confusion as to what is ag...
GST refers to Goods and Services Tax. GST is mandatory for all businesses including proprietorship business in India with an annual turnover greater than 40 lakh or making sales outside registered state or E-commerce seller. We can help your business obtain GST (Goods & Services Tax) Registrati...
In general, GST registration is mandatory if your business meets any of the following conditions:Your turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states). Your business is registered under an earlier law, such as Service Tax or VAT. You are ...