Threshold Limit

[Kaustubh Karandikar]

XYZ's turnover for supply of goods is ₹ 5 Lakh and supply of service is ₹ 18 Lakhs. Is he required to obtain GST Registration?

AI Summary

Individual with 23 lakh turnover from goods and services must register for GST under Section 22 of CGST Act. A query was raised regarding whether an individual with a turnover of 5 lakh from goods and 18 lakh from services needs to register for GST. The responses clarified that under Section 22 of the CGST Act, the individual must register for GST as their aggregate turnover of 23 lakh exceeds the threshold of 20 lakh, which necessitates registration. The provision allows for a higher threshold for goods supply only, but since services are involved, the standard threshold applies.