When GST Registration is compulsory II To whom it is required II Threshold Limit of Registration II

Meaning of GST

It was introduced from 01-07-2017
It means Goods and Service Tax
Sale of Goods
Providing of Services
One Nation One Tax One Market

When GST Registration is Compulsory-Turnover Based

When the Turnover/Sale more than 40 Lakh (In case of Sale of Goods)

When the Turnover/Sale more than 20 Lakh (In case of Sale of Service)

Exception of Above Limit to Special States

If Sale of Goods in North East States like Assam, Manipur, AP, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura /HP/UT- Limit more than 20 Lakh
If Sale of Service in North East States like Assam, Manipur, AP, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura /HP/UT- Limit more than 10 Lakh

Note- TOR/Sale not includes- Export of goods or service/ inter state supplies same PAN/ Exempted supplies/ Reverse charge


When GST Registration is Compulsory without any Limit

Interstate Supply of Goods (Not cover service here)
E-Commerce
Causal Taxable Person (Event Organiser)
RCM
A Non-Resident taxable person engaged in providing Taxable supply
Persons required to deduct TDS/TCS under GST
Input service distributor

Note– If in your business dealing party demand for GST Registration

Type of GST

CGST- The Central Govt collect it on the intra-state sale of Goods

SGST- The State Govt collect it on the intra-state sale of Goods

IGST-The Central Govt collect it on the inter-state sale of Goods

Type of Return

For Regular- GSTR-1 and GSTR-3B (Monthly or Quarterly)

For Composition- CMP 08 – Qtrly and GSTR-4 – Annually

Taxable Sale= 1% and Tax Free Sale=- 0%

Invoicing

Once GST allotted raise Tax invoice in case of Regular

Once GST allotted raise Bill of supply in case of Composition


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