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When is GST Registration required ?
When is GST Registration required ?
GST registration is mandatory in India for businesses that exceed the following annual turnover thresholds:
Manufacturing: Rs. 40 lakh
Service: Rs. 20 lakh
Special Category States: Rs. 10 lakh
One can also take GST Registration on voluntary basis depending on requirement of business.
Additionally, businesses that fall under the following categories must also register for GST
Additionally, businesses that fall under the following categories must also register for GST
E-commerce suppliers: Even if their turnover is below the threshold limit.
Casual taxable persons: Those who occasionally engage in taxable activities.
Input service providers: Businesses that receive taxable services from registered persons.
Non-resident taxable persons: Foreign businesses conducting business in India.
The following entities are required to obtain GST registration:
The following entities are required to obtain GST registration:
Businesses with turnover above the threshold limit: Those exceeding the annual turnover thresholds of Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakh, depending on their nature of business.
Casual taxable persons: Individuals or businesses that occasionally engage in taxable activities.
Non-resident taxable persons: Foreign businesses conducting business in India.
Agents of a supplier: Individuals or entities acting as agents for suppliers.
Input service distributors: Businesses that receive taxable services from registered persons and distribute them to others.
Persons paying tax under the reverse charge mechanism: Entities responsible for paying tax on behalf of the supplier.
E-commerce aggregators: Online marketplaces that facilitate the sale of goods or services.
Persons supplying online information and database access or retrieval services: Individuals or businesses providing these services from outside India to registered taxable persons in India.
Note: While individuals registered under the Pre-GST law are not explicitly mentioned, they may still be required to obtain GST registration depending on their current business activities and turnover. It's advisable to consult with a tax professional to determine if GST registration is necessary in your specific case.
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