Learn about GST registration online: limits, step-by-step process, amendments and cancellations, and answers to frequently asked questions. Read on!
2. When Does GST Registration Become Mandatory? When an individual/ entity/ partnership/ proprietorship/ company crosses the threshold limit for GST registration, one must proceed by registering oneself under GST, as obtaining a GSTIN then becomes mandatory. Nevertheless, small enterprises with a turn...
Who is eligible for GST Registration? Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh based on the criteria, must register as a normal taxable person. It is called GST registration. ...
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3. The threshold limit of Turnover for exemption from registration in the States of Assam, Arunachal Pradesh, Himachal Pradesh, Meghalaya, Sikkim and Uttarakhandshall be increased toRs. Twenty Lakh from Rs. Ten Lakh.(参考CGST修订Section 22 Explanation (iii) – Persons liable for registration) ...
GST Registration GST (Goods & Services Tax) Registration is required in India for selling most of the goods and services in India. ITR Filing ITR filing is mandatory if your income is above the threshold limit in India. ITR Filing for Salary Income, Business Income, Capital Gain, Interest In...
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...
Get GST registration online service with Enterslice: Learn about documents needed, limits, fees, process, and penalties.
Threshold limit for e-invoices reduced to Rs. 5 crore. From August 1, 2023, it will be mandatory for all businesses with a turnover of Rs. 5 crore or more to generate and upload e-invoices for all their B2B transactions. This is a reduction from the current threshold of Rs. 10 crore...
GST is mandatory for startups if their annual turnover exceeds the threshold limit or if they are involved in inter-state supplies, e-commerce transactions or reverse charge mechanisms. 4. How do startups get tax-exempt? Startups can get tax-exempt under the Startup India initiative if th...