Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
GST registration is mandatory for persons whose turnover exceeds Rs. 40 lakhs & Rs. 10 lakhs for North Eastern & Hilly states. For businesses engaged without the GST registration, it will be an offence under the GST Act[1]. Different types of taxpayers are required to have GST registration. In this article, we will look into the GST registration requirement for various categories of taxpayers.
Some conditions are applicable for GST registration. The conditions are:
GST registration is compulsory for persons engaged in business whose threshold limit exceeds Rs. 40 lakhs & Rs. 10 lakhs for NE States & Hilly areas. The categories of taxpayers are listed in the table above for the GST registration along with the requirements & the threshold limit for the registration. Thus, the persons need to be aware of the GST registration requirement.
Read our article:GST Registration for Sole Proprietorship
Are your GAIL India Limited shares now eligible for transfer to the IEPF Authority, or have the...
India's financial sector is changing due to advancements in technology and new regulations. GIF...
The Indian startup ecosystem, which is the third-largest in the world, is expected to become a...
India's startup ecosystem has recently experienced a rapid rise as a global powerhouse. Several...
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced several changes to the...
Are you human?: 3 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
GST is the only indirect tax that applies in India, from 1st July 2017. All the previous indirect taxes including V...
10 Apr, 2021
GST came into force on 1st July 2017 as the only indirect tax applicable in the country. Implementation of GST has...
07 Apr, 2021