All
those goods supplying business ventures who have an annual turnover that
exceeds ₹ 40 lakh in a financial year need to register themselves as a normal
taxable entity. This threshold is ₹20 lakh for Jammu and Kashmir, Himachal
Pradesh, Uttarakhand and North eastern states of India.
All
those service providers whose annual turnover exceeds ₹20 lakh in
a financial year are required to register for the GST as a normal taxable
entity. For the special category states i.e. Jammu and Kashmir, Himachal
Pradesh, Uttarakhand and North eastern states, the annual turnover limit is ₹10
lakh.
Thus,
unless you are making more than 20 LPA on freelancing site like Upwork, Fiverr,
etc you need not register for GST.
Businesses
For Whom GST Registration Is Mandatory Regardless of Annual Turnover: Section 24 of the CGST Act 2017
· Agents or suppliers of goods via an e-commerce
portal
· Any casual taxable person
· Any Input Service Distributor (ISD)
· Any Non- resident taxable entity
· Inter- State Goods and Services suppliers
· Online data access/ Retrieval service provider
· TDS/TCS deductors
· Those who are liable to pay tax due to the
reverse-charge mechanism.
Documents
required for GST registration:
· Your
photograph
· Copy
of your PAN and Aadhaar card
· Identity
and address proof
· Latest
bank account statement or cancelled cheque
· Your
digital signature
· Electricity
or telephone bill
· The
rental agreement for office premises
· No
objection certificate
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