WebIn the first GST law, the limit for GST registration in northeastern and hilly states was ₹ 10 lakhs. As per the 32nd GST Council meeting, this amount has been increased from ₹ 10 … WebJan 25, 2024 · What is the threshold limit for GST registration ?? Any business entity which is engage in supply of goods and whose aggregate turnover exceeds Rs.40 lakh in …
Persons Liable For Registration Under GST (2024 Update)
WebDec 4, 2024 · According to the Goods and Services Tax Act, 2024, businesses with a turnover of Rs. 40 lakh and above and Rs. 20 lakhs for the supply of goods and services must register for GST. For north-eastern and hill states, the turnover for GST registration is Rs. 10 lakh. Which person is liable for registration? WebApr 28, 2024 · A GST registration certificate is a valid document that shows a business has neem registered under the GST regime. Any business in India whose turnover exceeds the threshold limit for GST registration is required to get registered under GST. coup coup machete
How to Calculate Aggregate Turnover for GST Registration? - Yes …
WebApr 4, 2024 · Threshold Limit for GST Registration (Goods): – a. Provisions Before 1st April 2024. Threshold Limit for Registration in case of ‘Goods’ (all over India) except … WebMar 7, 2024 · The threshold limit for registration under GST was Rs. 20 Lakhs (Rs. 10 Lakhs in special category states) for both suppliers of goods & services initially. However, the threshold limit was later increased to Rs. 40 Lakhs for those suppliers who are exclusively engaged in supply of goods vide Notification No. 10/2024 dated 07.03.2024 . WebMar 16, 2024 · A business will be required to register under GST if: The Aggregate Turnover exceeds the threshold limit for GST Registration; It falls under the provisions of Compulsory Registration; Thus, a dealer whose aggregate turnover is less than the prescribed threshold limit does not need to register under GST. Such dealers can … brianandersonod.com