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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 · Understand GST registration requirements with Section 22, 24, and 23 explained. Learn thresholds, exemptions, and obligations for businesses under the GST regime.
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.
Jun 14, 2024 · 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.
Jan 28, 2024 · a) THRESHOLD LIMIT FOR REGISTRATION: i) Every supplier of goods or services or both is required to obtain registration. ii) In the State or the Union territory from where he makes the taxable supply. iii) If his aggregate turnover exceeds specified threshold limit in a F.Y. Aggregate Turnover:
Jun 17, 2024 · If a supplier makes a taxable supply of goods or services (or both) from their state or union territory, and their aggregate turnover in a financial year exceeds ₹20 lakhs, they are liable to be registered. For suppliers making taxable supplies from special category states, the threshold limit is ₹10 lakhs.