Sir Iam providing promotional services for different companies is am liable to get registered under gst
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Sir Iam providing promotional services for different companies is am liable to get registered under gst
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GST Registration is applicable if your aggregate turnover exceeds > ₹ 20 Lacs (except in hilly/ specified Areas where Turnover prescribed > ₹ 10 Lacs) in last F.Y. or whenever in Current F.Y.
Alternatively, you have option to go for voluntary GST Registration but in that scenario, threshild exemption of ₹ 20 Lacs is not available.
If any of your services received comes under purview of Reverse Charge Mechanism, then GST Registration is mandatory.
Agree with Mr Sanjay
I agree with the views of Sri Sanjay Sir. Further, if you forsee that your turnover will cross the threshold then it is advisable to seek voluntary registration. This is entitle you to take input tax credit on all purchases made in course or furtherance of business except some ineligible credits. Thanks
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