GST registration is mandatory for casual taxable persons or persons making supplies through e-Commerce operators and non-resident taxable persons, irrespective of turnover limit. ‘Casual taxable person’ means anyone who occasionally undertakes transactions involving supply of goods or services or both in the course of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no particular place of business.
Turnover Limit for service providers and goods supplier for regular GST Registrations are mentioned below :-
Aggregate Turnover* | Registration Mandatory | Applicability |
For the supply of Services | ||
More than Rs.20 lakh | Yes – For Normal Category States | Initial threshold |
More than Rs.10 lakh | Yes – For Special Category States** | Initial threshold |
For the Sale of Goods | ||
More than Rs.40 lakh | Yes – For Normal Category States | From April 1, 2019 |
More than Rs.20 lakh | Yes – For Special Category States** | From April 1, 2019 |
*Aggregate Turnover under GST =(Taxable supplies + Exempt Supplies + Exports + Inter-State Supplies) – (Taxes + Value of Inward Supplies + Value of Supplies Taxable under Reverse Charge + Value of Non-Taxable Supplies).
Nice post
Nice article!
Nitesh is my school mate he has always been so studies and now making us proud . I remember he used to make ample of efforts to become a CA and today he is getting paid for all those things. Goodjob bro Proud of you..