I have a query regarding obtaining GST No for a newly formed Private Limited Company which is registered & also a newly formed Partnership Firm which is also registered and turnover for both these companies are less than 20 lacs in a year. Is it mandatory to obtain GST registration . Kindly advise.
We request you to confirm whether we have to apply for GST registration if yes in that case whether we have to file GST Return.
22 July 2024
Threshold limit for turnover in case of services is Rs 20 lacs and in case of trading it is 40 lacs but compulsory registration irrespective of turnover if making inter state turnover and also if RCM liability is there.
CAclubindia
