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  1. 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.

  2. Feb 27, 2024 · Learn about the conditions and limits for obtaining GST registration in India under sections 22, 23 and 24 of the CGST Act, 2017. Find out the exceptions, cases, and scenarios for different categories of taxable persons and suppliers.

  3. May 3, 2024 · Minimum Turnover Limit for GST Registration. Businesses must register for GST and pay taxes on their taxable items and services if their annual revenue exceeds Rs. 40 lakhs for goods and Rs. 20 lakhs for services. Companies with annual sales under Rs. 40 lakh are not compelled to register for GST, although they are free to do it on a voluntary ...

  4. Dec 2, 2022 · Learn the turnover limit for GST registration in India for different states and categories of businesses. Find out how to calculate turnover, what are the types of turnover, and how to file GST returns.

  5. Jun 14, 2024 · Even though the taxable turnover is only Rs.5 lakhs, Mr. A must register under GST because his aggregate turnover exceeds the threshold limit of Rs. 40 lakh. Further, Mr. A does not have the option to register as a composition dealer because this aggregate turnover exceeds the threshold limit of Rs.1.5 crore.

  6. Jan 28, 2024 · Learn about the conditions and criteria for registration under GST Act 2017, based on the aggregate turnover of the supplier. Find out the meaning, definition and analysis of aggregate turnover, special category states, and reverse charge mechanism.

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  8. Jun 8, 2024 · The GST registration limit varies depending on the type of business. For most businesses, the threshold limit for mandatory GST registration is Rs. 20 lakh in annual turnover. However, for businesses engaged exclusively in the supply of goods, the threshold limit has been increased to Rs. 40 lakh.