Threshold Exemption under GST

What is Threshold Exemption under GST


The details about Threshold Exemption under GST are explained here. 

Threshold Exemption:

Threshold Exemption means Exemption which allows the person to do business without obtaining registration under GST.

 In terms of Section 24 read with Section 22, following persons are required to be compulsorily registered under CGST Act:

  1. Every supplier shall be liable to be registered under the CGST Act in the State from where he makes a taxable supply of goods and/or services if his aggregate turnover in    a financial year exceeds Rs. 20 lakh. However, in respect of Special Category States, the aforesaid threshold registration limit has been reduced to Rs. 10 lakhs.
  2. Person making any inter-state taxable supply (no threshold limit).
  3. Causal Taxable Persons (No threshold limit).
  4. Persons liable to pay GST under reverse charge (no threshold limit).
  5. Electronic Commerce Operator in respect of specified categories of services if such services are supplied through it.
  6. Non-Resident Taxable Persons.
  7. Persons who are required to deduct tax at  source
  8. Persons who are required to collect tax at  source
  9. Persons who supply goods and/or services on behalf of other taxable persons whether as an agent or otherwise (no threshold limit).
  10. Input Service Distributor.
  11. Persons who supply goods and/or services through Electronic Commerce Operator who is required to collect tax at source (No threshold limit).
  12. Every Electronic Commerce Operator (No threshold limit).
  13. Every person supplying Online Information and Database Access or Retrieval Services (OIDAR Services) from a place outside India to a person in India, other  than  a  registered taxable person.
  14. Such other person or class of persons as may be notified by the Government on the recommendation of the Council.

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