Who needs to register for the GST in India?
Answered on March 09,2021
If your turnover exceeds 40 lakhs (in trading) or 20 lakhs (in service sector) then you have to mandatorily take GST registration.
Answered on September 22,2022
GST registration applies to all individuals and entities supplying goods or services in India. GST registration becomes mandatory when the aggregate value of supply exceeds Rs.20 lakh. The Ministry of Finance (MoF) simplified the GST registration procedure to ease the tax filing process. If the entity operates in a special category state, GST registration becomes applicable if the value exceeds Rs.10 lakh p.a. In this article, let us look at the eligibility for obtaining GST registration.