GSTTaxation

Latest GST Registration Limit

Mandatory GST registration becomes applicable only when GST providers cross a certain turnover threshold. The GST registration threshold for those involved in the supply of goods has been raised to ₹40 lakhs.

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Notification No. 10/2019-Central Tax exempted from registering anybody who operates in the exclusive supply of goods and has an annual turnover of less than 40 lakhs (save for those making intra-state supplies in the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, and Uttarakhand).

Except for

  • Those suppliers required to register under Section 24;
  • Dealers of ice cream and other edible ice, whether or not containing chocolate;
  • Pan masala, tobacco and manufactured tobacco substitutes.

The GST registration hurdle for service providers, on the other hand, remains at 20 lakhs for the general category states and 10 lakhs for the special category states.

Section 24 of the CGST Act, 2017 Requires Mandatory GST Registration

The individuals mentioned below in the extract must register under Section 24(1) of the CGST Act 2017, even though their aggregate turnover is less than the stated threshold limit, and they are exempt from registration under Section 22(1).

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CGST Act, Section 24. Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act, –– 

(i) persons making any inter-State taxable supply;

(ii) casual taxable persons making taxable supply;

(iii) persons who are required to pay tax under reverse charge;

(iv) person who are required to pay tax under sub-section (5) of section 9;

(v) non-resident taxable persons making taxable supply;

(vi) persons who are required to deduct tax under section 51, whether or not separately registered under this Act;

(vii) persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise;

(viii) Input Service Distributor, whether or not separately registered under this Act;

(ix) persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52;

(x) every electronic commerce operator;

(xi) every person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person; and

(xii) such other person or class of persons as may be notified by the Government on the recommendations of the Council.

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Hence, we can conclude that GST registration becomes mandatory once a goods or service provider crosses the registration threshold limit or if he falls under any one of the categories of taxpayers mentioned under Section 24 of the CGST Act.

GST enrollment is no easy tax and requires professional expertise to ensure that the benefits of the latest indirect taxation regime are bestowed on registrants. This is why we advise you to engage the services of the GST specialists here at Vakilsearch to ensure hassle-free, speedy, and affordable GST enrollment.

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