The above exemption limit of ₹20 lakhs or ₹10 lakhs has not been available to those bloggers who are making any inter-State taxable supply i.e. selling of eBooks or Ad slots to persons located outside the state and therefore fall under the provision of compulsory registration under sect...
GST explanation related to the threshold limit for registration is distinct for different category of State/UT, as explained in the table below: Also Read: GST Certificate Download Download from gst.gov.in States with a threshold limit of Rs. 40 lakhs* for goods and Rs. 20 lakhs for ...
GST is designed to simplify tax collection by applying tax at multiple stages, only on added value, and at the point of consumption. Below, we’ll walk through these features to show how GST works across the supply chain, ensuring a fair and efficient tax process. 1. Multi-Stage Taxation ...
Under the GST regime in India, businesses with annual revenue below certain thresholds are exempt from mandatory GST registration. The exemption limit is set at ₹40 lakhs for businesses dealing in goods and ₹20 lakhs for those providing services. Businesses earning less than these amounts are...
Threshold Exemption: Small businesses with a turnover below a specified threshold (currently, it is 20 lakhs: supplier of both goods & services and 40 lakhs: for supplier of goods (Intra–State) in India) are exempt from GST. Present Challenges in GST Rates Complexity and Confusion: The exis...