How many Annual Turnover is required for take New GST Registration Number in Service Provider as per GST LAw
5 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 August 2021
Registration is mandatory if the turnover is >₹20 lacs (except special category states). Voluntary registration can be applied for even without crossing the turnover limit.
sabyasachi mukherjee
(27574 Points)
Replied 03 August 2021
GST REGISTRATION IS OPTIONAL BUT NOT COMPULSORY. LETS TAKE AN EXAMPLE
A PERSON ENGAGED IN BUSINESS AND TURNOVER OF ONLY 50000 DURING A FINANCIAL YEAR IS NOT REQUIRED TO REGISTER UNDER THE GST ACT.
A PERSON ENGAGED IN BUSINESS AND TURNOVER OF ONLY 50000 DURING A FINANCIAL YEAR IS NOT REQUIRED TO REGISTER UNDER THE GST ACT.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 03 August 2021
For services turnover should exceed 20 lakhs rupees
Harsh Khemchandani
(126 Points)
Replied 03 August 2021
You can take Voluntary registration if needed.
Nidhi
(Chief Accountant)
(3150 Points)
Replied 04 August 2021
If turnover cross 20 lakh (except special category states) than mandatory to take GST registration, otherwise voluntary u can takeq
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