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  2. Sep 6, 2024 · Enterprises in India must register for GST if their annual turnover exceeds Rs. 40 lakhs (or Rs. 20 lakhs for businesses in certain special category states). The GST Council raised the minimum turnover threshold for GST registration from Rs. 20 lakhs to Rs. 40 lakhs.

  3. Sep 16, 2024 · After a certificate of registration in FORM GST REG-06 has been made available on the common portal and a Goods and Services Tax Identification Number has been assigned, the registered person, except those who have been granted registration under rule 12 or, as the case may be rule 16, shall [within a period of thirty days from the date of grant...

  4. Sep 9, 2024 · Service Providers: Any person or entity engaged in supply of services having aggregate turnover of more than Rs. 20 lakhs in a year is required to obtain GST registration. In special category states, the GST turnover limit for service providers is Rs. 10 lakhs.

  5. Aug 31, 2024 · Businesses with a turnover exceeding Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh must register under GST as normal taxpayers. Other types of taxpayers include Casual Taxable Persons, Composite Taxpayers, and Non-Resident Taxable Persons.

  6. Sep 13, 2024 · What is the minimum turnover limit for GST registration? To support smaller businesses and streamline the compliance process, the GST framework includes specific exemption limits. These thresholds are pivotal for small and medium-sized enterprises (SMEs), determining when a business is required to register and pay GST.

  7. Sep 4, 2024 · Business Turnover Is Above the Lower Boundary. Beyond the turnover threshold restriction is one of the principal reasons to apply for a New GST Registration Number. By the GST rules: Standard Threshold: The threshold is40 lakhs for merchandise and ₹20 lakhs for services in the majority of states.

  8. Sep 17, 2024 · 17 September 2024. 7,834 4 mins read. Decipher the prerequisites for GST Registration in this blog. Explore eligibility criteria, documentation, and procedural insights to ensure compliance with the Goods and Services Tax registration requirements in India.