1. Increase the Threshold for Registration Before GST was introduced, businesses with a turnover of over Rs. 5 lakhs had to pay VAT in most states across India. However, this limit varied from state to state. Additionally, service providers with a turnover of less than Rs. 10 lakhs were...
When is GST Registration Mandatory in India? #Turnover Criteria:-All taxpayers who have an annual turnover above 40 lakhs are required to get new GST registration. For Service supply, Turnover limit is 20 lakhs. #Causal taxpayer:-If you supply goods or services in events/exhibitions where yo...
What turnover should be considered for the GST registration threshold limit? The turnover threshold for mandatory GST registration is generally Rs. 40 lakhs (Rs. 10 lakhs for special category states). However, certain businesses must register irrespective of turnover, such as those engaged in inte...
We have also written an article about the form in detail: Form DRC-01B: Everything you need to know. 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 ...
The turnover limit is ₹20 lakh, and in the case of special category states, ₹10 lakh for the service providers. Also, here is the list of certain businesses for which GST registration is mandatory, irrespective of their turnover: Casual taxable person / Input Service Distributor (ISD)...
13. Is possession of a Permanent Account Number (PAN) mandatory for obtaining a Registration? 14. If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration? 15. What happens when the registration is obtained by means of wilful...
This registration is mandatory if your business meets a certain threshold and is needed to comply with GST laws. Who should obtain the GST registration? If your aggregate turnover in a financial year meets the government-set threshold limit, you must undergo the registration process. This turn...
This registration is mandatory if your business meets a certain threshold and is needed to comply with GST laws. Who should obtain the GST registration? If your aggregate turnover in a financial year meets the government-set threshold limit, you must undergo the registration process. This turn...
We have also written an article about the form in detail: Form DRC-01B: Everything you need to know. 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 ...
Taxpayers in Haryana, Manipur, Meghalaya, and Tripura can now verify documents for GST registration via biometric-based Aadhaar authentication. View more 05th December 2024 New advisory related to the mandatory sequential filing of GSTR-7 as per Notification No. 17/2024. View More 03rd December...