Should you register for GST? Here’s everything you need to know.
Registering for GST Let’s start with the basics. The GST Act prescribes turnover thresholds for mandatory registration. For goods, registration is required once annual turnover exceeds â‚ą40 lakh, and for services the threshold is â‚ą20 lakh (though lower thresholds may apply to special category states). However, even if your turnover is below these thresholds, registration…