The complete GST registration procedure, including receiving the GST number, takes 7 to 10 working days. Is GST Registration Mandatory? Yes, obtaining GST registration is mandatory once your turnover exceeds the specified threshold limits. If you are a supplier of goods with an annual turnover ex...
GST Registration Limits: Threshold limit for GST Registration for 2025 January 8, 20256 Mins Read The GST registration limits have been significantly changed to simplify… Read More Taxation & Notifications How to Sell Online Without GST Number in India?
Learn about GST registration online: limits, step-by-step process, amendments and cancellations, and answers to frequently asked questions. Read on!
The GST registration threshold limits that apply to ordinary taxpayers also work the same to gold mining and distribution enterprises. Additionally, enterprises selling gold can use the composition system under section 10 of the CGST Act. Many gold merchants, sellers, and jewelers hire goldsmiths and...
Get GST registration online service with Enterslice: Learn about documents needed, limits, fees, process, and penalties.
To increase taxpayer base:Indirect taxes followed different threshold limits for registration based on a taxpayer’s turnover. Since GST follows a consolidated tax levied on both goods and services, it has increased the number of tax-registered businesses. ...
The threshold limits for GST registration vary from state to state and depend on the nature of the business and the annual turnover. For certain states and Union Territories, the threshold limit for registration as a supplier of goods and/or services is Rs. 10 lakhs and for others, it is...
GST Registration Eligibility and Threshold Limits Eligibility to Register for GST Registration must be verified before registration. Individuals registered under the Pre-GST law should also opt for GST registration. It is mandatory for businesses that have a turnover of ₹40 lakhs for the ...
Optional GST Registration Businesses with turnover below the exemption limit are not required to register for GST. Turnover Limits and Implications Exemption Threshold:GST registration is not mandatory for businesses with annual turnover below ₹20 lakh (₹40 lakh for goods in some states). ...
Q.3 – Does the term ‘aggregate turnover,’ includes stock transfers which are effective within the States having same GSTIN for determining the threshold limits? Q.4 – Will a Registered Taxpayer who has exclusively exempted supply of goods or services exceeding Rs. 2 crores, would require ...