Term Threshold limit under GST
The details about Threshold limit are explained here.
Low threshold of CGST and SGST
Threshold Limit:
Threshold limit means limit 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:
- 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.
- Person making any inter-state taxable supply (no threshold limit).
- Causal Taxable Persons (No threshold limit).
- Persons liable to pay GST under reverse charge (no threshold limit).
- Electronic Commerce Operator in respect of specified categories of services if such services are supplied through it.
- Non-Resident Taxable Persons.
- Persons who are required to deduct tax at source
- Persons who are required to collect tax at source
- Persons who supply goods and/or services on behalf of other taxable persons whether as an agent or otherwise (no threshold limit).
- Input Service Distributor.
- Persons who supply goods and/or services through Electronic Commerce Operator who is required to collect tax at source (No threshold limit).
- Every Electronic Commerce Operator (No threshold limit).
- 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.
- Such other person or class of persons as may be notified by the Government on the recommendation of the Council.
The information on Threshold limit is detailed above. Comment below your thoughts on Threshold limit
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
We have applied for GST registration, but not obtained registration certificate. Can we claim ITC in India?
Date of GST registration and date of eligibility to claim ITC
Refund of Input Tax Credit (ITC) of GST, FAQ
Refund of GST paid in India, FAQ
4 Conditions when applying for refund of Input Tax Credit (ITC) under GST
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.
How is IGST calculated under Imports?
How is IGST rate on imports treated?
GST and e-Commerce Business, FAQ
Definition of E-Commerce under GST
TDS under GST, Frequently Asked Questions
Does Interest attract on GST Tax payment delay?
Mechanism of Payment of GST tax in India
E way Bill decision taken by 26th GST Council on 10th March
Tax exemption for exporters, 26th GST council
Decisions taken by 26th GST Council meeting held on 10th March
Relevance of Zero rated supply of goods in GST
Zero rated supply under GST
How does Letter of Credit work?
How does STP units work in India?
How does TT (Telegraphic Transfer) work?
Master Collect House Prepaid
Master prepaid House collect
Master prepaid house prepaid
Material used for testing is eligible for Modvat
Mode of payments in international trade
Mode of transport under EX WORKS/FCA/CPT/CIP/DAT/DAP/DDP/FAS/FOB/CFR/CIF
MSDS Material Safety Data Sheet
Multiple Country Textile Declaration
Negotiation procedures and formalities of export bills
Non receipt of Cargo Arrival Notice, Can importer sue against shipping company
How to export from India to Bhutan?
Documents required for Export from Bhutan
Customs procedures for Bhutan Export
Registration required to export from Bhutan
Documents needed for Bhutan import
Import Customs processes in Bhutan
Import Registration and import Licence procedures in Bhutan
How to export from Angola?