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GST Registration !! You may Have to Registered under GST Law. Have you checked?

Do you have registered your Business under Goods and Service Tax Law (GST) Act? Have you checked whether you are liable to registered under GST Law or not? Check Your Liability before government knocks your Door.

When a Person required to registered under GST Law?

  • If the Total Turnover (Goods & Services both) during Financial year is more than Rs. 20 lakhs then you are compulsory required to registered.
  • However if you are making interstate taxable supply then you are required to registered under GST although having turnover less than Rs. 20 lakhs, But if you are Supply only services then threshold limit of Rs. 20 lakhs will be applicable
  • From 1st April, 2019 Persons exclusively engaged in Supply of Goods are required to registered under GST Law when their turnover exceeds more than Rs. 40 lakhs.

ParticularsGST Registration Turnover Limit
If you supply only Goods (intrastate)Rs. 40 Lakhs
Intrastate supply of services or Goods and servicesRs. 20 lakhs
Interstate supply of Goods or Goods and ServicesCompulsory registration without limit
Interstate supply of services onlyRs. 20 Lakhs
GST Registration !! You may Have to Registered under GST Law. Have you checked?

Interstate supply means supply outside state and Intrastate supply means supply within state.

The above mentioned details are General Law however in certain types of products and for certain specified states different Law is applicable. Kindly note that this information do not constitute legal advice in any manner you should consult professionals before taking decision.

You can ask any doubt on WhatsApp :- Click here

Click here to start your GST Registration process

Reeturaj Verma

I am CA Reeturaj Verma Owner at Reeturaj K Verma & Associates, Chartered Accountants. One-Stop for all Business Problems including Book-keeping, Auditing, Taxation, Finance, Indirect tax Consultancy and many more. Contact No. 8160341317 Email:- careeturaj@gmail.com

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