Question 1

What is the threshold limit for GST registration in Gujarat?

Accepted Answer

In Gujarat, GST registration becomes mandatory for businesses with an annual turnover surpassing ₹20 lakhs for services and ₹40 lakhs for goods supply. Entities involved in services must cross the ₹20 lakh turnover mark, while those engaged in the supply of goods are mandated to exceed ₹40 lakhs annually to qualify for GST registration in Gujarat.

Question 2

What is the GST number of Gujarat?

Accepted Answer

The GST number of Gujarat is 24.

Question 3

What are the compliance requirements post-GST registration in Gujarat?

Accepted Answer

After GST registration in Gujarat, businesses must regularly file returns, maintain accurate records, collect and deposit taxes, and adhere to invoicing guidelines. Compliance involves timely submission of various forms as prescribed by the GST law.

Question 4

What are the penalties for non-compliance with GST regulations in Gujarat?

Accepted Answer

Non-compliance with GST regulations in Gujarat can lead to penalties such as fines, interest on delayed payments, or even cancellation of registration. Penalties vary based on the nature and severity of the violation.

Question 5

Can small businesses with turnover below the threshold voluntarily register for GST?

Accepted Answer

Yes, businesses with turnover below the limit can opt for voluntary GST registration to avail of benefits like input tax credit.

Question 6

Is there a separate GST registration for different states in Gujarat?

Accepted Answer

No, GST registration is unified across India, including Gujarat. It's a single registration process for businesses operating in multiple states.

Question 7

How can I register for GST in Gujarat?

Accepted Answer

You can register for GST in Gujarat online or offline. The online process is simpler and faster, and can be completed  easily through Vakilsearch.

Question 8

Where can I get more information about GST registration in Gujarat?

Accepted Answer

You can find more information about GST registration in Gujarat on the website of the Gujarat Goods and Services Tax Department. Or you can also get in touch with our experts for more information.