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Turnover Limit for GST Registration:

Regular GST Registration

For businesses operating in most states, the turnover limit for GST registration is an aggregate annual turnover of Rs. 40 lakhs for goods suppliers (Rs. 20 lakhs for service providers). This limit is Rs. 10 lakhs for businesses in some special category states like Northeastern states.
Voluntary registration can be opted for even if the turnover is below the prescribed limit.

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Compulsory GST Registration

Certain businesses are mandatorily required to register for GST, irrespective of their turnover. This includes businesses engaged in inter-state supply of goods/services, casual taxable persons, non-resident taxable persons, and businesses required to deduct tax at source (TDS) or collect tax at source (TCS).
Compulsory GST Registration:

Types of GST Registration:

Regular GST Registration (Normal Scheme

This is the standard GST registration applicable to most businesses. It involves filing regular returns and paying taxes on a monthly or quarterly basis, depending on the turnover.

Composition Scheme:

Small businesses with an annual turnover up to Rs. 1.5 crores (Rs. 75 lakhs for some special category states) can opt for the composition scheme. They pay tax at a fixed rate based on turnover and file quarterly returns. They can’t collect tax from customers.

NRTP (Non-Resident Taxable Person) Registration:

Non-resident taxable persons who occasionally undertake transactions involving supply of goods/services in India need to register under this category.

TDS Registration

Entities required to deduct tax at source or collect tax at source need to register under this category.

TCS Registration

Efficient management and optimization of input tax credits.

ISD Registration

Ongoing support for maintaining GST compliance and documentation.

Casual Taxable Person Registration:

Persons who occasionally undertake transactions involving supply of goods/services in a taxable territory where they have no fixed place of business need to register as casual taxable persons.

UN Bodies/Embassies/Organizations Registration:

Special provisions exist for registration of United Nations bodies, embassies, and other notified organizations.

Annual Returns

Detailed preparation and filing of annual returns including GSTR-9.

Understanding these turnover limits and types of GST registration is crucial for businesses to ensure compliance with GST regulations in India.

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