Every supplier who makes supply of taxable goods and services or both needs to take registration under GST if his aggregate turnover in a financial year exceeds the threshold limit. The Threshold limit for taking registration are as follows:
In case of supplier of services – Rs. 20, 00,000 (Rs. 10, 00,000 for states of Manipur, Mizoram, Nagaland, and Tripura)
In case of Supplier of Goods – Rs. 40,00,000 (Rs. 20,00,000 in the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, and Uttarakhand) w.e.f. 01.04.2019
Persons having turnover below 40 Lakh and 20 Lakh can also get themselves registered under GST, there is no restriction on registration when turnover is below 40, 00,000 and 20, 00,000 however, if turnover is more then specified limit then registration is compulsory.
Aggregate value of all taxable supplies + exempt supplies + export of goods or services or both + inter-state supplies + It includes supplies made by person on behalf of the his principals (excludes the value of job-worked goods if he is a job-worker)
Aggregate Turnover to be computed by considering all the persons having the same PAN number based on all India.
Persons not liable for Registration
GST Act provides compulsory registration of certain suppliers even if their aggregate turnover is below the threshold limit: