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May 27, 2024 · The GST Council raised GST registration threshold limits based on the demands of MSME in the 32nd meeting on 10th January 2019. The article discusses earlier and new limits, including requirements by category, states opting for new limits, and the financial year for aggregate turnover calculation.
Feb 27, 2024 · Section 22: Every Supplier of goods or services or both required to obtain registration in the State or Union territory from where he makes taxable supplies if his annual aggregate turnover (PAN Based) Exceeds specified Limits. Annual aggregate turnover – Taxable supply + Exempt supply + Exports + Inter-state supplies under same PAN.
Jun 14, 2024 · AATO means the annual turnover of a business at PAN level with a few inclusions and exclusions. Also, a business whose aggregate turnover in a financial year exceeds Rs.40 lakhs (or Rs.20 lakh for special category states, Puducherry, and Telangana) has to mandatorily register under GST.
Dec 2, 2022 · Currently, the threshold is set at Rs 20 lakhs (Rs. 40 lakhs for goods). It is the amount below which a business is not required to register for GST. This article goes over the specifics of the turnover limit for GST registration. Let’s begin.
Apr 15, 2020 · As per section 22 (1) of CGST Act, every supplier shall be liable to be registered in the State or Union Territory (other than special category states) from where he makes supply of goods or services or both, if his aggregate turnover in a financial year exceeds Rs. 20 lakhs.
Aug 14, 2023 · Learn about the significance of GST, dual GST model, excluded goods, and the key components of GST Acts 2017. Get insights into threshold limits for different states, the voluntary registration process, and the documents required for GST registration.
Jun 8, 2024 · In India, businesses dealing with goods and having an annual turnover of over Rs. 40 lakh need to register for GST. For service providers, the limit is Rs. 20 lakh annually. However, in certain states including North-Eastern States, Uttarakhand, Himachal Pradesh, and Jammu & Kashmir, the limit for both goods and service providers is Rs. 10 lakh.
