gst registration and liability

[satbir singhwahi]

Two partnership firms having same common partners. Both firms receiving commission from abroad as intermediary.

Firm A has turnover of 40 lakhs , so paying gst.

Firm B has turnover of 18 lakhs, so not paying gst.

KIndly guide .

AI Summary

Firm B not required to register for GST as its turnover is below the threshold of 20 lakhs. Two partnership firms with common partners are involved in a discussion about GST registration and liability. Firm A, with a turnover of 40 lakhs, is paying GST. Firm B, with a turnover of 18 lakhs, is not paying GST. The query seeks guidance on whether Firm B should register for GST. The response clarifies that Firm B is not required to register for GST due to its turnover being below the threshold.