Question 1

What is the threshold limit for GST registration in Uttar Pradesh?

Accepted Answer

In Uttar Pradesh, GST registration is mandatory for businesses with an annual turnover exceeding ₹20 lakh for services and ₹40 lakh for the supply of goods. Entities engaged in the supply of goods are required to obtain GST registration if their annual turnover surpasses the ₹40 lakh threshold, while those offering services need to register if their turnover exceeds ₹20 lakh per annum in Uttar Pradesh.

Question 2

What is the GST Code of Uttar Pradesh?

Accepted Answer

The GST code for Uttar Pradesh is 09.

Question 3

What are the compliance requirements post-GST registration in Uttar Pradesh?

Accepted Answer

After registering for GST in Uttar Pradesh, compliance involves regular filing of GST returns, maintaining accurate records of sales and purchases, payment of taxes, and adhering to the provisions of the GST Act, ensuring timely submission and compliance with filing requirements.

Question 4

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

Accepted Answer

Non-compliance with GST regulations in Uttar Pradesh can lead to penalties such as late fees for delayed filing, interest on delayed payments, penalties for incorrect filing, and even suspension or cancellation of GST registration, depending on the severity and frequency of the violation.

Question 5

Can I voluntarily cancel my GST registration in Uttar Pradesh?

Accepted Answer

Yes, businesses in Uttar Pradesh can voluntarily cancel their GST registration. This can be done under certain circumstances, such as cessation of business operations or no longer meeting the threshold for mandatory registration. Proper procedure and compliance with requirements are necessary for cancellation.